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https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis U.S. Department of Labor Robert B. Reich, Secretary Bureau of Labor Statistics The Monthly Labor Review is published by the Bureau of Labor Statistics of the U.S Department of Labor Communications on editorial matters should be addressed to the Editor-in-Chief. Monthly Labor Review, Bureau of Labor Statistics. Washington. DC 20212. Phone (202) 606-5900 Subscription price per year— $25 domestic; $31.25 foreign. Single copy, $7 domestic; $8.75 foreign. Subscription prices and distribution policies for the Monthly Labor Review (ISSN 0098 -1818) and other Government publications are set by the Government Printing Office an agency of the U S Congress Send correspondence on circulation and subscription matters (including address changes) to Superintendent of Documents Government Printing Office Washington, DC 20402 Make checks payable to Superintendent of Documents. 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Moxley https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Region IX American Samoa Arizona California Guam Hawaii Nevada Trust Territory of the Pacific Islands Region VIII Colorado Montana North Dakota South Dakota Utah Wyoming Region X Alaska Idaho Oregon Washington Gunnar Engen 911 Walnut Street Kansas City MO 64106-2009 Phone (816) 426-2481 Sam M Hirabayashi 71 Stevenson Street P O Box 193766 San Francisco CA 94119-3766 Phone (415) 744 6600 RESEARCH LIBRARY Federai Reserve Bank m of St. Louis OtlN 2 8 1993 Monthly Labor Review May 1993 Volume 116, Number 5 Deborah P. Klein, Editor-in-Chief Robert W. Fisher, Executive Editor Articles Reports Departments https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 Spending by older consumers: 1980 and 1990 compared In 1990, older Americans, especially those aged 65 to 74 had higher preretirement and pension earnings, compared with their 1980 counterparts Pamela B. Hitschler 14 Cost of employee compensation in public and private sectors Much of the variation in costs in the two sectors is due to differences in occupational mix and types of compensation packages provided Bradley R. Braden and Stephanie L. Hyland 22 Collective bargaining agreements provided moderate changes in 1992 Despite a pickup in the economy, concern about job security remained, perhaps, contributing to restraint by parties at the bargaining table Fehmida R. Sleemi and Phyllis I. Brown 34 Multifactor productivity in utility services industries The slowdown in growth after 1983 reflects the impact of energy prices on these industries which are heavily dependent on fossil fuel inputs John L. Glaser 50 Producer prices in 1992 held down by productivity gains Craig Howell, William Thomas, Harry Briggs, Scott Sager 53 Consumer price rise slows further in 1992 Richard C. Bahr 2 50 57 62 66 71 Labor month in review Research summaries Major agreements expiring next month Developments in industrial relations Book reviews Current labor statistics Labor month in review KLEIN AWARD. The Lawrence R. Klein Award trustees selected the au thors of two articles published in the Monthly Labor Review in 1992 as winners of the 24th annual Klein Award. The award will be presented at the Bureau of Labor Statistics awards ceremony on June 8. grants included the length of time they had lived in the United States and their fluency in English, strong indica tors of the degree to which immigrants had been assimilated into U.S. socioe conomic life. Gendell and Siegel use Social Security and Current Population Survey data This year, the trustees honored to track trends in retirement age by these authors: sex from 1950 to 1990, and to project • Joseph R.Meisenheimer II, former those trends through the year 2005. ly of the Bureau’s Office of Employ Results of the study indicate that age ment and Unemployment Statistics, at final retirement has fallen by be for “How do immigrants fare in the tween 4 and 5 years for both men and U.S. labor market?” which appeared women since mid-century. Moreover, in the December issue; and the authors project continued declines • Murray Gendell and Jacob S. Siegel, for the 1990’s, accelerating for the pe for “Trends in retirement age by sex, riod 2000-05. According to the au 1950-2000,” in the July issue, which thors, the magnitude and pace of the took the award for best 1992 Monthly postwar decline were similar for men Labor Review article by an author out and women, including a marked de side BLS. celeration that took place during the Receiving special commendation 1970’s. Gendell and Siegel cite the impor were b ls economist Martin Personick for developing what has become a con tance of their estimates for future so tinuing series of articles providing cioeconomic developments. A decline profiles in safety and health in various in the average age at retirement, as industries. The staff of the b ls Office of well as a general gain in longevity of Employment Projections were simi the population, tends to raise the eco larly commended for publication of nomic dependency burden placed by their ongoing evaluations of the accu the elderly on younger cohorts still in the labor force. This, in turn, tends to racy of their projections. make increases in per capita income The Meisenheimer article compares harder to achieve, even as the costs of the labor market status of immigrants income transfers to the elderly rise. with that of U.S. natives, using data Given these factors, the issues of the from a special supplement to the No desirability and feasibility of reversing vember 1989 Current Population Sur the decline in retirement age are vey. The survey showed, for example, sharpened. Despite recurrent fore that the unemployment rate for immi casts over the years of a reversal, the grants was somewhat higher than the authors maintain that it has not hap rate for native-born workers, and that pened yet. Nor does it appear likely to the weekly earnings of immigrants do so for another decade. who worked full time were significant ly lower than those of natives. The Personick’s special commendation is study pointed to differences in educa in appreciation of his continuing effort tional attainment as a major reason for to apprise the public of job safety and these disparities. Other factors affect health issues as they relate to industry ing the labor market status of immi of the affected worker, type of injury, 2 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and other factors. The series of ar ticles, written by Personick and staff of the Division of Safety and Health Statistics, also addresses the changing composition of the economy, focusing not only on manufacturing industries, but also on the increasingly important services industries, such as retail gro cery stores and nursing homes. Projections of alternative scenarios of economic growth are prepared bien nially by the Bureau’s Office of Em ployment Projections. A vital part of the projections process is evaluation of the accuracy of earlier projections to determine how the process can be im proved. Members of the Office’s staff produce articles comparing their pro jections with actual historical data covering the projected years. This fi nal stage of the projections process al lows the Bureau to identify strengths and weaknesses as it continues to im prove and refine its projections. About the award. Trustees of the Klein Award Fund are Lawrence R. Klein; Howard Rosen, president; Ben Burdetsky, secretary-treasurer; Peter Henle; Harold Goldstein; Henry Lowenstern; Jerome Mark; and Deborah Klein. The award was established in 1968 in honor of Lawrence R. Klein, editor-in-chief of the Monthly Labor Review for 22 years until his retire ment in 1969. The purpose of the award is to encourage Review articles that (1) exhibit originality of ideas or method of analysis, (2) adhere to the principle of scientific inquiry, and (3) are well written. Each winning article carries a cash prize. Tax deductible contributions to the fund may he sent to Ben Burdetsky, Secretary-Treasurer, Lawrence R. Klein Fund, c/o School of Govern ment and Business Administration, The George Washington University, Washington d c 20052. □ Spending by older consumers: 1980 and 1990 compared Estimates of expenditure and income suggest that today’s older Americans have higher preretirement and pension earnings than their 1980 counterparts; this is especially true of those aged 65 to 74 Pamela B. Hitschler Pamela B. Hitschler is an economist in the Office of Prices and Living Condi tions, Bureau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis s the century draws to an end, more attention is being focused on the aging of the Nation’s population. Persons aged 65 years and older will comprise more than 14 percent of the U.S. population by 2010, and 22 percent by 2030.1(See table 1.) Today, 1 in 8 consumer units has a household head aged 65 or older.2 With such a large demographic shift, spending patterns in the economy will change. Over the last 10 years, the population aged 65 and older has grown by 22 percent, compared with 9 percent for those under age 65.3 Among persons 65 and older, the rate of population increase rises with age. During the 1980’s, the population aged 65 to 74 grew by 16 percent, while the numbers of persons aged 75 and older rose 31 percent.4 The economic con sequences of an aging population are being studied closely by economists, sociologists, and policymakers. An earlier article in the Review, which ex amined the expenditures of older persons us ing 1984 data from the Bureau of Labor Statis tics Consumer Expenditure Survey, reported distinct differences in spending patterns be tween persons aged 65 to 74 and those aged 75 and older.5 In particular, differences were found in expenditures for housing, transporta tion, and health care. Differences also were found in income. This article updates esti mates of expenditures and income for the same A two age groups. Consumer units (or “house holds”)6 whose reference person (or “house hold head”) is aged 65 to 74 are referred to as the “younger group,” while those with refer ence persons aged 75 and older are termed the “older group.” Tables 2 and 3 summarize the differences in characteristics and spending patterns of the two major subgroups of older Americans be tween 1980 and 1990. For both groups, the largest expenditures in both years were for housing, followed by food and transportation. (Unless otherwise indicated, all expenditure and income estimates presented in this article are in current dollars.) However, the younger group had higher total expenditures and in come than the older group in both 1980 and 1990. Consumer units in the younger group spent, on average, a significantly larger amount on every major expenditure cate gory except housing and health care in both years. They did not spend much more on housing than the older group in 1980, but did in 1990. However, they did spend less on health care. In addition, other important changes occurred in measures for transporta tion, Social Security and pensions, entertain ment, and travel. Expenditure trends Housing. Older consumer units benefited from the post-World War II building boom, Monthly Labor Review May 1993 3 Spending by Older Consumers Table 1. The older population as a share of the total U.S. population, 1900-1990, and projected to 2050 [In thousands] Year 1900................................. 1950................................. 1970................................. 1980................................. 1990................................. 2000................................. 2010................................. 2020................................. 2030................................. 2040................................. 2050................................. 65 to 74 years Total 75 years and older Number Percent 75,995 150,697 203,302 226,546 248,710 2,187 8,415 12,447 15,581 18,045 2.9 5.6 6.1 6.9 7.3 894 3,854 7,533 9,969 13,033 1.2 2.5 3.7 4.4 5.2 268,266 282,575 294,364 300,629 301,807 299,849 18,243 21,039 30,973 35,988 30,808 31,590 6.8 7.4 10.5 12.0 10.2 10.5 16,639 18,323 21,094 29,616 37,301 36,942 6.2 6.5 7.2 9.8 12.4 12.4 Number Percent Source: Cynthia Taeuber, Sixty-Five Plus in America, Current Population Reports, Special Studies P23-178 (Bureau of the Census, 1992). Data for 1900 to 1990 are April 1 census figures. Data from 2000 to 2050 are projections to July 1 of each year. Projections are based on middle (moderate) fertility, mortality, and immigration assumptions. during which demand was high, mortgages were obtainable at low interest rates, and tax incentives and other Federal policies designed to promote homeownership were in effect. During the 1960’s and 1970’s, the highest rate of increase in homeownership was among the group aged 45 through 64.7 Mortgage interest rates hovered around 6 percent through the mid-1960’s, remained below 9 percent until the late 1970’s, and then rose sharply, reaching a high of 15 percent in 1982.8 The low interest rates and home prices of the 1960’s and 1970’s are reflected in the currently large number of homeowners aged 65 and older who have paid off their mortgages (81 percent). In the last 10 years, the homeownership rate has continued to increase among both the old er and younger groups. It rose from 76 percent in 1980 to 82 percent in 1990 for the younger group, and from 66 percent to 72 percent for older households. As homeownership in creased, so did the proportion of those homeowners aged 65 to 74 with mortgages —18 per cent in 1980, compared with 27 percent in 1990. The proportion of those aged 75 and old er with a mortgage was unchanged, at 8 per cent, between 1980 and 1990. Consistent with higher rates of homeownership and higher in terest rates are higher mortgage interest expen ditures. The younger group spent 4 times more on mortgage interest in 1990 than they did in 1980, and the older group spent twice as much 4 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis as in the earlier year. Even though mortgage interest payments have increased dramatical ly, particularly for the younger group, they are still a small proportion of the average total housing budget because of the large number of older consumer units who own homes without mortgages. Utilities (30 percent), property taxes (13 percent), and maintenance, repairs, and insurance (11 percent) still consume the bulk of their housing budgets. Another component of housing expendi tures that grew substantially among the two groups is “other lodging.” The younger group’s expenditures on other lodging more than tripled since 1980; the older group’s more than doubled. Other lodging includes two ma jor components: owned second homes and outof-town lodging, such as costs for hotels, mo tels, cottages, and so forth. Most of this in crease is included in “lodging while out of town,” the largest component of other lodging, which will be discussed below under travel. Health care. More of the total budget of those aged 65 and older now is consumed by out-ofpocket health care expenditures than was the case in the early 1980’s. As health care costs rise, older persons are paying higher health plan premiums, deductibles, and copayments, and more older persons are buying commer cial supplements to medicare, which is causing a shift in health expenditure shares from medi cal services to health insurance for both age groups. Table 4 shows detailed out-of-pocket health care expenditures and shares for older households in 1980 and 1990. During the 1980’s, out-of-pocket medical service expenditures increased 67 percent for the younger group and 4 percent for the older group, and the medical services component of the Consumer Price index for All Urban Con sumers rose more than 115 percent.9However, while both the level of expenditures and the Consumer Price Index increased, the share of medical service expenditures in the total health care budget dropped from 44 percent in 1980 to 31 percent in 1990 for those consumer units with heads aged 65 to 74, and from 57 percent to 32 percent for those in the older group. (See chart 1.) Contributing to trends in medical costs were the large increases over the last decade in medicare deductibles and copayments re quired for hospital stays of more than 60 days. Medicare inpatient hospital deductibles —the Chart 1. Distribution of medical expenditures by consumer units aged 65 to 74 ana agea 75 and older, 1980 and 1990 1980 average health expenditure shares, consumer units aged 65 to 74 1980 average health expenditure shares, consumer units aged 75 and older 1990 average health expenditure shares, consumer units aged 65 to 74 1990 average health expenditures, consumer units aged 75 and older r::x:::x :::x :x :x :x :::x Medical supplies Health insurance Medical services share of expenses that must be paid by the pa tient before medicare payments kick in —rose from $180 in 1980 to $560 in 1990. Copay ments are the share of hospital costs that must be born by the insured after the insurance pro gram has begun to pay its share. These copay ments for the 61st through the 90th days rose from $45 in 1980 to $148 in 1990; copayments after 90 days tripled as well.10 The seeming inconsistency of a large in crease in price and a relatively small increase https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis in out-of-pocket medical service expenditures is partially explained by the tripling of health insurance expenditures by consumers: the in crease in medicare deductibles and copay ments, and the general rise in cost for medical services have served as an impetus to acquire more comprehensive health insurance cover age to supplement medicare. Having more health insurance, covering a wider range of health care needs, reduces out-of-pocket medi cal service expenditures. Health insurance as a Monthly Labor Review May 1993 5 Spending by Older Consumers Table 2. Average total expenditures and t-statistics by age, Consumer Expenditure Interview Survey, 1980 Age Item Total consumer units (In thousands)............................ Consumer unit characteristics: Income before taxes....................... Average number of persons........... Average age of reference person .. Average number in consumer unit: Earners.......................................... Vehicles......................................... Resident children under 1 8 .......... Persons aged 65 and older.......... Percent homeowners: With mortgage............................... Without mortgage.......................... Percent renters............................... At least one vehicle owned (percent)............................ 65 and older Under 65 Total 65 to 74 75 and older 65 to 74 vs. 75 and older 65,023 17,029 10,751 6,278 $20,386 3.0 40.0 $9,615 1.8 73.3 $10,150 1.9 69.3 $8,629 1.6 80.3 1.7 2.2 1.0 0 .4 1.2 0 1.4 .5 1.4 .1 1.3 .3 .8 0 1.4 __ 44 18 38 10 63 28 13 63 24 5 61 34 — — — — — — — _ _ — 88 70 79 55 — Total expenditures............................ Food, total........................................ Food at home................................ Food away from home................. Alcoholic beverages........................ Housing, total.................................. Shelter............................................ Owned dwellings......................... Mortgage interest...................... Property taxes........................... Maintenance, repairs, and insurance......................... Rented dwellings......................... Other lodging.............................. Utilities........................................... Household operations.................. Housefurnishings and equipment................................... $17,779 3,364 2,540 824 302 5,002 2,792 1,673 974 317 $10,095 2,168 1,745 424 112 3,269 1,530 889 102 328 $10,744 2,363 1,881 482 125 3,221 1,564 982 132 347 $ 8,984 1,835 1,511 323 89 3,351 1,471 729 51 296 *2.31 *6.13 *5.10 *3.88 *2.33 -.6 3 .66 *2.40 *2.99 1.26 382 863 257 1,228 222 458 498 143 990 375 503 421 161 1,049 157 382 629 113 888 748 1.60 *-3.93 1.83 *5.15 *-5.96 760 374 451 244 *5.18 Apparel and services..................... Transportation................................. Health, total...................................... Medical services......................... Health insurance......................... Prescription drugs, medical supplies....................... Entertainment.................................. Personal care.................................. Reading............................................ Education......................................... Tobacco and smoking supplies..... Miscellaneous................................. Cash contributions.......................... Pensions, retirement, and so forth.................................... Life and other insurance................ 970 3,876 658 364 450 1,972 899 393 200 375 1,626 992 487 320 246 1,035 1,152 647 298 *6.70 *4.75 *-3.35 *-4.01 1.52 95 808 149 115 233 197 272 437 186 262 127 82 23 93 168 532 173 322 140 89 27 191 502 207 158 107 71 15 63 129 584 *-1.97 *4.80 *3.63 *2.76 .82 *4.75 1.52 -.3 7 1,108 287 141 124 182 150 72 81 *4.48 *4.46 Note: 333 111 Asterisk denotes significance at the 95-'percent confidence level. share of total health expenditures expanded from 37 percent in 1980 to 48 percent in 1990 for the younger group, and from 26 percent to 45 percent for the older group. While increased expenditures for health in surance premiums are seen for all age groups in the population over the 1980-90 period, 6 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis t-statlstlc they are most dramatic for those over 65. In large part, the greater expenditures indicate an increase in participation in commercial health insurance plans. The proportion of households aged 65 to 74 reporting expenditures for com mercial supplements to medicare doubled, from 12 percent in 1980 to 23 percent in Table 3. Average total expenditures and t-statistics by age, Consumer Expenditure Interview Survey, 1990 ___ Age 65 and older Item Under 65 Total consumer units (in thousands).................... Total 65 to 74 75 and older 65 to 74 VS. 75 and older 76,889 20,079 11,318 8,761 $35,433 $18,842 1.7 $21,501 1.9 $15,435 2.8 40.1 74.2 69.2 80.7 89 78 87 67 Total expenditures......................... Food, total.................................... Food at home............................. Food away from home............. . Alcoholic beverages................... Housing, total.............................. Shelter........................................ Owned dwellings..................... Mortgage interest.................. Property taxes....................... Maintenance, repairs, and insurance...................... Rented dwellings..................... Other lodging........................... Utilities....................................... Household operations.............. Housefurnishings and equipment............................... $29,442 4,636 3,353 1.234 290 9,029 5,529 3.234 2,195 555 $18,072 3,236 2,494 741 113 5,752 3,128 1,880 367 760 $20,386 3,717 2,827 890 143 6,174 3,339 2,081 568 824 $15,082 2,613 2,064 549 73 5,208 2,857 1,619 107 677 *6.24 *7.93 *7.93 *4.46 *4.37 *3.08 1.87 *2.33 *7.64 1.76 1,099 533 654 377 *3.99 Apparel and services................. Transportation............................. Health, total................................. Medical services....................... Health insurance....................... Prescription drugs, medical supplies.................... Entertainment.............................. Personal care............................. Reading....................................... Education.................................... Tobacco and smoking supplies. Miscellaneous............................ Cash contributions..................... Pensions, retirement, and so forth.............................. Life and other insurance........... 1,499 5,625 1,204 535 475 615 2,863 2,109 664 990 755 3,444 434 2,113 2,118 674 960 2,712 370 468 249 Consumer unit characteristics: Income before taxes................... Average number of persons........ Average age of reference person....................................... Average number in consumer unit: Earners..................................... Vehicles.................................... Resident children under 1 8 .... Persons aged 65 and older.... Percent homeowners: With mortgage............................ Without mortgage....................... Percent renters............................ At least one vehicle...................... owned (percent)......................... Note: 1.6 484 1,715 581 1,941 460 2,102 656 1,014 *6.60 *5.00 Asterisk denotes significance at the 95-percent confidence level. 199011; a similar rise is seen for the older group as well. Another reason why health insurance accounts for a growing portion of the health care budget involves rising premiums for the Government’s Medicare Supplementary Med ical Insurance for medicare participants: monthly premiums for this insurance tripled https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis over the decade, from $9.60 per individual in 1980 to $28.60 in 1990. Transportation. While the share of expendi tures accounted for by transportation did not change significantly over the 1980’s, more old er consumer units owned an automobile in Monthly Labor Review May 1993;' 7 Spending by Older Consumers 1990 than in 1980. The percentage of consum Shares of total expenditures for retirement er units who owned an automobile increased funds changed significantly for the younger from 79 percent in 1980 to 87 percent in 1990 group over the 1980-90 period. (See table 5.) So for the younger group, and from 55 percent to cial Security taxes, the largest component of re 67 percent for older households. As a conse tirement expenditures, more than tripled for the quence, the share of the transportation budget younger households, rising from $148.83 in devoted to vehicle finance charges and insur 1980 to $463.15 in 1990. (Because the older ance increased significantly. The share attrib group has fewer earners, they are less affected utable to gasoline expenditures declined sub by changes in Social Security tax rates.) The So stantially, in part due to falling oil prices, while cial Security tax on wage and salary workers the level of such expenditures remained virtu rose from 6.1 percent in 1980 to 7.7 percent in ally unchanged. In 1980, oil prices were high 1990, and that for self-employed persons, from after the 1979-80 oil shock, but in 1982, the 8 percent to over 15 percent. At the same time, price of gasoline began to decline as the oil sup ply situation eased. It was not until 1990 that the earnings base to which the Social Security the price of gasoline reached a level above that tax is applied was raised from $25,900 to of 1980. As measured by the Consumer Price $51,300. Of course, whilesomeoftheincreasein Index for All Urban Consumers, the price of retirement expenditures is accounted for by changes in Social Security regulations, another gasoline rose 24 percent from 1980 to 1990. contributing factor is higher earnings, which Retirement, pensions, and Social Security. will be discussed in the section below on income. Table 4. Health expenditures by age group from the Consumer Expenditure Interview Survey, 1980 and 1990 1980 Expenditure type 1990 65 and older Total 65 to 74 65 and older 75 and older Total 65 to 74 Total health care expenditures.......... $992 $899 $1,152 $2,109 $2,102 $2,118 Medical services................................ Physician services......................... Nonphysician services................... Prescription drugs1........................... Health insurance, total...................... Health maintenance organizations, Blue Cross/Blue Shield................ Commercial health insurance..................................... Medicare payments...................... Commercial supplements to medicare, other health insurance......................... Medical supplies................................ 487 152 335 146 320 393 149 245 138 333 647 158 489 161 298 663 227 437 395 990 656 232 424 372 1,014 674 220 454 424 960 93 99 83 284 269 303 77 113 82 113 69 114 164 348 185 349 137 345 37 39 40 35 32 46 194 61 210 60 174 61 49.0 15.3 33.7 14.8 32.3 43.7 16.5 27.3 15.4 37.0 56.2 13.7 42.5 14.0 25.9 31.4 10.8 20.6 18.7 46.9 31.2 11.0 20.1 17.6 48.1 31.8 10.4 21.4 20.0 45.3 9.4 7.8 11.4 11.0 9„1 12.6 7.3 6.0 9.9 13.5 7.8 16.5 12.8 8.8 16.6 14.3 6.5 16.3 3.7 3.9 4.4 3.9 2.8 4.0 9.2 2.9 10.0 2.9 8.2 2.9 Percent of health budget: Medical services................................ Physician services.......................... Nonphysician services.................... Prescription drugs1........................... Health, insurance, to ta l................... Health maintenance organizations, Blue Cross/Blue Shield................ Commercial health insurance...... Medicare payments...................... Commercial supplements to medicare, other health insurance.................................... Medical supplies............................... ’ Includes prescription drugs and nonprescription drugs. Asterisk denotes significance at the 95-percent confidence level. note: 8 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 75 and older this change is due to an increase in fees and costs of admission, and part reflects greater TV, radio, and sound equipment expenditures. (See table 6.) Spending on TV, radio, and sound equipment more than tripled for the younger group, and more than doubled for older house holds. Over the same period, the percent of consumer units reporting TV, radio, and sound equipment expenditures grew from 30 to 61 percent for the younger group, and from 24 to 43 percent for older households. A large part of this increase is accounted for by growth in cable TV expenditures. The average annual Entertainment. Both the younger and older outlay for cable TV increased from $19.59 groups spent significantly larger shares of total to $148.10 for the younger group, and from expenditures on entertainment in 1990 than $18.41 to $90.56 for the older group. Three they did in 1980. (See table 4.) While some of times as many of the younger households and The second largest component of pensions and Social Security comprises IRA’s and Keogh fund contributions, reflecting the readi er availability of the plans and the tax advan tages of IRA’s, which were introduced into the tax code in 1981. Expenditures for tax-def erred saving plans increased from an average of $14 in 1980 to $211 in 1990 for households aged 65 to 74. The percent of consumer units in this age group reporting IRA and Keogh fund expenditures rose from 3 percent to 12 percent over the same period. Table 5. Itemized expenditure shares for the older population, by age group, from the Consumer Expenditure Interview Survey, 1980 and 1990 Share of total expenditures by item 1990 t-share, 1990 versus 1980 1980 1990 Age group 65 to 74 1980 t-share, 1990 versus 1980 Age group 75 and over Food at home............... Food away from hom e. Housing......................... Apparel and services.... Transportation.............. Health care................... Entertainment.............. 17.5 4.5 30.0 4.2 18.4 8.4 3.0 13.9 4.4 30.0 3.7 17.0 10.0 4.3 *—4.09 - .2 9 .18 -1.41 -1.02 *3.06 *3.30 16.8 3.6 37.3 2.7 11.5 12.8 1.8 13.7 3.6 34.5 2.9 14.0 14.0 2.6 Reading.................................................. Social Security contribution,pensions Life insurance....................................... Other...................................................... .8 1.7 1.4 10.2 .8 3.6 1.7 10.3 -.8 8 *3.94 1.22 .49 .8 .8 .9 11.0 .7 .9 .9 12.2 N ote: '— 2.10 .08 -.8 3 .37 1.10 .87 *2 .3 4 -.5 2 .32 -.1 9 1.81 Asterisk denotes significance at the 95-percent confidence level. T able 6. Entertainment and travel expenditures for the older population, by age, Consumer Expenditure Survey, 1980 and 1990 1990, Persons aged— 1980, Persons aged— Item Entertainment, total.................................................. Fees and admissions............................................. TV's, radios, and sound equipment...................... 65 to 74 75 and older 65 to 74 75 and older $340 130 116 94 $168 57 75 36 $874 330 316 229 $393 153 160 79 417 114 89 214 93 78 14 29 235 58 62 115 34 61 5 15 854 245 253 356 100 175 19 52 435 120 131 202 42 107 15 38 ’ Includes pets, toys, playgrounds, boats, and photographic equipment and supplies. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 9 Spending by Older Consumers Table 7. Income of older households from the Consumer Expenditure Interview Survey, 1980 and 1990 1980, Persons aged— 1990, Persons aged— Type of income 65 and older Income before taxes...................... Type of income: Wages and salaries.......................... Self-employment income.................. Social Security, railroad retirement income.......................... Pensions and annuities.................... Interest and dividends...................... Other income..................................... Percent of pretax income: Wages and salaries.......................... Self-employment income.................. Social Security, railroad retirement income.......................... Pensions and annuities.................... Interest and dividends...................... Other income..................................... 65 to 74 65 to 74 75 and older $10,150 $ 8,629 $18,842 $21,501 $15,465 1,812 469 2,317 586 880 253 3,552 640 5,439 973 1,133 215 4,115 1,341 1,484 394 4,180 1,482 1,181 403 3,996 1,080 2,042 379 8,296 3,354 2,539 462 8,216 3,960 2,400 515 8,398 2,578 2,716 394 18.8 4.9 22.8 5.8 10.2 2.9 18.9 3.4 25.3 4.5 7.3 1.4 42.8 13.9 15.4 4.1 41.2 14.6 11.6 4.0 46.3 12.5 23.7 4.4 44.0 17.8 13.5 2.5 38.2 18.4 11.2 2.4 54.3 16.7 17.6 2.6 Travel. Travel expenditures more than doubled between 1980 and 1990 for the youn ger group and for older households. In part, rising expenditures for both groups indicate that they are doing more traveling, at least in part because of cheaper airfares resulting from the deregulation of the airline industry, and cheaper gasoline. The components included in travel expenditures are food, lodging, trans portation, and entertainment expenditures for out-of-town trips.12 Table 6 shows the 1980 and 1990 travel expenditure levels and shares separately for the younger and older house holds. For both groups and in all categories (food, lodging, transportation, and entertain ment), there were increased expenditures and greater numbers of consumer units reporting expenditures. Food expenditures while on out-of-town trips increased at a slightly faster rate than did total trip expenditures for both groups. As a share of the total spent for food away from home, food on trips was up slightly for both https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 65 and older $9,615 twice as many of the older ones reported this type of expenditure in 1990 than was the case in 1980. These increases follow a national trend reflecting the proliferation of home en tertainment centers and other sources of home-based entertainment, and the rising cost of cable services. 10 Monthly Labor Review May 1993 75 and older groups.13 Explaining much of this rise is the 5to 6-percentage-point increase in the propor tion of consumer units in both groups report ing such expenditures, the share of the younger growing from 26 percent to 31 percent, and that of the older, from 13 percent to 19 percent. Lodging expenditures while out of town rose as well, although as a share of the total travel budget, they grew more for the younger group (21 percent in 1980 to 30 percent in 1990) than for older households (26 percent to 29 percent). These increases can be attributed to growth in the percent of consumer units in these age groups reporting lodging while out of town—an increase from 13 percent in 1980 to 18 percent in 1990 for the younger group, and from 6 to 10 percent for the older group. Over the same period, transportation expen ditures for travel rose 66 percent for the youn ger group and 76 percent for older consumer units. The subcomponents of transportation expenditures on trips include travel fares, ve hicle rental, and gasoline purchases. As indi cated earlier, travel by air was stimulated dur ing the 1980’s by special fares and induce ments introduced by airlines following Federal deregulation of that industry in 1978. Average expenditures on airline fares rose 68 percent for all consumer units, with the age 65-to-74 group showing the largest increase —124 per cent. The older group’s airfare expenditures were up 75 percent. Explaining much of this rise in average expenditure is the fact that more older people (those 65 and older) are traveling via airplane. Both the younger and older groups reported similar increases in percent reporting airline expenditures. In 1980, 5 per cent of the younger group and 4 percent of the older group reported such expenditures, but by 1990, these figures were 8 percent and 5 per cent, respectively. Over the same period, the level of gasoline expenditures on trips remained about the same, in part due to falling oil prices. The growth in the percent of consumer units re porting gasoline expenditures on trips is evi dence of a general increase in travel by car. Over the period 1980-90, the percent of house holds reporting gasoline expenditures for trips increased 2 percentage points for both the younger and older groups (27 percent to 29 percent for the former, and 14 percent to 16 percent for the latter). Income Changes in expenditures often reflect changes in income. The average income for households with reference persons aged 65 or older doubled during the 1980’s. But this figure masks the diversity of income patterns that ex ists within the older population. The hetero geneity of the group becomes particularly ap parent when one looks at income sources, lev els, shares, and poverty rates. The younger group’s income rose faster, increasing 112 per cent (in 1990 dollars), versus 79 percent for the older group. (See table 7.) In 1980, the younger group’s average income was 18 percent higher than that of the older group, but by 1990, the younger group’s income was 39 percent high er. The larger increase in income among the younger households is accounted for by the fact that their lifetime earnings and contribu tions to Social Security and government or pri vate pensions are greater than those of their older counterparts.14 Social Security remained a less important source of income for the younger group than for the older group over the study period. As a proportion of total income, Social Security in come decreased for the younger group (41 to 38 percent), and increased for the older group (46 to 54 percent) between 1980 and 1990. Howev er, the current-dollar level of Social Security https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis income increased 96 percent for the younger group and 110 percent for older households, a substantial rise for both groups, and well above the 58-percent increase in the Consumer Price Index. And, more consumer units from each group reported receiving Social Security in come: for the younger group, the percent re porting such income rose from 90 percent in 1980 to 94 percent in 1990, while that for older households was up from 93 percent to 97 per cent. This increase could be accounted for by the long-term trend toward earlier retirement, which continued throughout the 1980’s for men. Civilian labor force participation rates fell from 19 percent in 198015 to 16 percent in 199016 for men aged 65 and older. Wages and salaries remain the second larg est source of income for those aged 65 to 74. Wages and salaries more than doubled for the younger group over the 1980-90 timespan, while increasing almost one-third for the older group and a little over two-thirds for all other age groups. For the younger group of persons 65 and older, the proportion of income derived from wages and salaries rose from just under 23 percent in 1980 to slightly over 25 percent in 1990, while the corresponding ratio for the older group decreased from 10 percent to 7 percent. The changes can be accounted for by trends in the number of earners per consumer unit, specifically, an increase in the number of earners per household in the younger group, from 0.5 to 0.6, compared with a decrease of 0.3 to 0.2 earners for older households. Addi tionally, while civilian labor force participa tion rates fell for older men, those for older women actually rose. The rate of increase in la bor force participation among women aged 65 to 74 could account for the rise in the average number of earners per consumer unit in the younger group.17 For the older group, a higher percentage of whom are retired, private pensions and annui ties remain the second largest source of income. However, pensions and annuities were a more important source of income for both age groups in 1990 than in 1980. Such income rose 167 per cent for the younger group and 139 percent for the older group over the study period. As a pro portion of total income, pensions and annuities grew from 15 percent in 1980 to 18 percent in 1990 for the younger group, and from 13 per cent to nearly 17 percent for older households. Explaining much of this pattern of rise is an Monthly Labor Review May 1993 11 Spending by Older Consumers increase in the percent of consumer units reporting pensions and annuities: the percent doing so increased faster for the younger con sumer units than for the older ones. The share of the younger group reporting such income grew from 35 percent in 1980 to 47 percent in 1990, while the corresponding measure for the older group rose from 29 percent to 40 percent. This phenomenon reflects the increased avail ability of private retirement funds and tax ad vantages of certain types of funds, from which the younger group have had more opportunity to benefit than have the older group. Income from interest and dividends fol lowed a pattern that differed from that of pen sions and annuities. The level of income derived from interest and dividends doubled for the younger group, and increased by onethird for the older group over the period 1980-90. However, the share of total income derived from interest and dividends fell from 12 to 11 percent for the younger group and from 24 to 18 percent for older households. The percent of consumer units reporting such income also declined—from 47 to 45 percent for the younger group and from 45 to 43 per cent for the older group. As with income, there are large differences in poverty rates between the age groups. For those aged 65 and older, the poverty rate fell from 16 percent in 1980 to 11 percent in 1990. The following tabulation shows poverty rates of older persons in 1990 by age:18 P e r c e n t in p o v e r ty A ge 1980 Under 65 y e a r s........................... 12.3 65 years and older ..................... 15.4 65 to 74 y e a r s......................... 13.1 75 years and older ............. 20.1 1990 13.0 12.2 9.7 16.0 The dramatic differences in poverty rates among the groups is partially accounted for by factors such as number and sex of earners in the household. Older groups are characterized by fewer earners and more women. Both men and women have longer life expectancies than they did in 1980, part of a long-term trend ex plained by improvements in medicine and technology. At 65 years, the average life expec tancy was 16.4 years in 1980 and 17.2 years in 1990. But women still outlive men. At age 65, a woman’s average life expectancy exceeds a man’s by 4 years. Women over the age of 65, who grew up during an era in which fewer women worked outside the home, are less like 12 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ly to have access to pension and Social Security income in their own names. However, with the increase in the number of women who have en tered the labor force over the last 20 years, it is more likely that women over 65 will be entitled to their own pension and Social Security in come in the future. THESE FINDINGS tend to support assertions of other analysts that we are seeing a “golden age of the golden years,”19in that persons aged 65 years and older have higher expenditures and income than they did 10 years ago. Over the 1980’s, the two older groups studied here more or less followed the same trends in terms of home and vehicle ownership and health, pen sion, and travel expenditures. The continuing availability of data from the Consumer Expen diture Survey will allow analysts to follow the economic activities of the growing cohorts of older persons in the future. □ Footnotes 1 Gregory Spencer, P r o je c tio n s o f P o p u la tio n o f U . S . , b y S e x , A g e , a n d R a c e 1 9 8 0 to 2 0 8 0 , C u r re n t P o p u la tio n R e p o r ts , Series P-25, No. 1018 (Bureau of the Census, Janu ary 1989). 2 Cynthia Taeuber, S i x t y - f i v e P lu s in A m e r ic a , C u r re n t P o p u la tio n R e p o r ts , Special Studies P23-178 (Bureau of the Census, 1992). 3 I b id . 4 I b id . The population aged 75 to 84 grew by 30 percent. The cohort aged 80 and older grew by 33 percent. 5 Beth Harrison, “Spending patterns of older persons re vealed in expenditure survey,” M o n th ly L a b o r R e v ie w , October 1986, pp. 15-17. 6 A consumer unit is either (1) all members of a house hold who are related by blood, marriage, adoption, or oth er legal arrangements; (2) two or more persons living pH gether who pool their income to make joint expenditure de cisions; or (3) a person living alone or sharing a household with others, or living as a roomer in a private home or lodg ing house or in permanent living quarters in a hotel or mo tel, but who is financially independent. A person is consid ered financially independent if he or she provides the in come for at least two of the three major living expenses— food, clothing, and shelter. The terms consumer unit and household are used interchangeably throughout this ar ticle. 7 Louise B. Russell, T h e B a b y B o o m G e n e r a tio n a n d th e E c o n o m y (Washington, The Brookings Institution, 1982), p. 13. 8 E c o n o m ic R e p o r t o f th e P r e s id e n t (Government Print ing Office, 1992), table B-69. 9 The health care component of expenditures was un usually large for households headed by persons 75 and old er in 1980 due to a few large medical service expenditures. Average medical service expenditures for those 75 and old er were $487 in 1981 and $447 in 1982. Therefore, medical services in 1980 were a larger portion of total expenditures than one might expect, but still a larger portion than health insurance. In 1981, total health care expenditures for those 75 and older was $1,037; health insurance was $388; 47 percent of total health care expenditures went to medical services, and 32 percent to health insurance. 10 S o c ia l S e c u r ity B u lle tin , A n n u a l S ta tis tic a l S u p p le m e n t, 1 9 9 1 . 11 These estimates are presented at a quarterly rate — that is, they are the percent of consumer units reporting this type of expenditure in a 3-month period. 12 See Geoffrey Paulin, “Consumer expenditures on travel, 1980-87,” M o n th ly L a b o r R e v ie w , June 1990, pp. 56-60, for more information on travel expenditures. 13 Food away from home includes meals at restaurants, board, catered affairs, school lunches, and meals as pay. 14 Michael Hurd, “The Economic Status of the Elder ly,” S c ie n c e , vol. 244, 1989, p. 659. 15 H a n d b o o k o f L a b o r S ta tis tic s , Bulletin 2340 (Bureau of Labor Statistics, August 1989), pp. 25-27. 16 E m p lo y m e n t a n d E a r n in g s , January 1991, p. 164. 17 See Murray Gendell and Jacob S. Siegel, “Trends in retirement age by sex, 1950-2005,” M o n th ly L a b o r R e v ie w , https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis July 1992, p. 22, for a more detailed discussion of these findings. Among other trends, Gendell and Siegel found that participation rates for men aged 65 to 69 fell from 28.5 percent in 1980 to 26 percent in 1990; those for women of comparable age rose from 15.1 percent to 17.0 percent. Among persons aged 70 to 74, men’s rates dropped from 17.9 percent to 15.4 percent, while women of the same co hort increased participation rates from 7.5 percent to 15.4 percent. Men aged 75 and older decreased their participa tion rates from 8.8 to 7.1 percent, while their female coun terparts increased theirs, from 2.5 to 2.7 percent. 18 Data are from the Bureau of the Census. See “Single Years of A ge—Poverty Status in 1990,” March 1991, table 23; and “Single Years of A g e—All Persons and Related Children Under 18 by Low-Income Status,” March 1981, table S—1. Unpublished data. 19 See Mark Weinstein, “The Changing Picture in Retir ee Economics,” S ta tis tic a l B u lle tin (Metropolitan Life In surance), July-September 1988, p. 7. A note on communications The Monthly Labor Review welcomes communications that supplement, challenge, or expand on research published in its pages. To be considered for publication, communications should be factual and analytical, not polemical in tone. Communications should be addressed to the Editor-inChief, Monthly Labor Review, Bureau of Labor Statistics, U.S. Department of Labor, Washington, DC 20212. Monthly Labor Review May 1993 13 Cost of employee compensation in public and private sectors Much of the variation in the cost of compensation in the two sectors is due to differences in the occupational mix and types of compensation packages provided Bradley R. Braden and Stephanie L. Hyland Bradley R. Braden and Stephanie L. Hyland are economists in the Office of Compensation and Working Conditions, Bureau of Labor Statistics. t first glance, compensation costs be was in benefits. Straight-time wages and tween State and local governments salaries were $16.39 per hour worked in and private industry appear vastly dif government, and $11.58 in private industry; ferent. In March 1992, employer costs for em benefit costs averaged $7.09 per hour worked ployee compensation (wages paid plus em in government and $4.55 in private industry. ployer-provided benefits) averaged $23.49 per The difference in the costs of employer-paid hour worked in State and local governments benefits between government and private and $16.14 in private industry—a difference of industry primarily reflects differences in the almost 50 percent. (See table 1.) Such a com nature of compensation packages provided to parison can be quite misleading, however, as employees in each sector. The availability and was noted when these data were first released characteristics of benefits such as paid leave, in June 1992.1 In fact, the differences in the retirement, and certain insurances vary consid cost of compensation in the public and private erably in the two sectors. For example, sectors stem from a number of factors, particu virtually all government employees were cov larly the large variation in the work activities ered by a retirement plan, while fewer than and occupational structures of the two sectors. two-thirds of the employees in the private For example, certain activities that are sector had such coverage. required in government, such as public educa This article highlights differences in the tion and safety, call for a large proportion of industry and occupational mix that influence white-collar professionals and highly skilled average compensation costs in private industry service occupations. In contrast, certain indus and State and local governments, and provides tries such as manufacturing, wholesale trade, data on the hourly cost of compensation for and retail trade, are unique to the private specific groups of workers in each sector.2 In sector, and require occupations with compara addition, differences in the cost of benefits are tively lower compensation costs, such as sales. examined, using data on the incidence and When certain industries common to both provisions of major benefits in the two sectors. sectors are examined, such as health services, Compensation costs are based on data from total compensation costs are similar. the Bureau of Labor Statistics Employment About two-thirds of the overall gap in total Cost Index (ECI), which measures quarterly compensation between public and private changes in employer costs for employee sectors was in the wage component; one-third compensation.3Data from the ECI are also used A 14 Monthly Lahor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis to produce measures of employer cost per hour worked for each component of compensation.4 Compensation costs, representing data for March of each year, were first published for State and local governments in 1991, while private industry data have been available since 1987.5 Data on the incidence and provisions of employee benefits are based on the BLS Employee Benefits Survey.6 The Employee Benefits Survey includes detailed information on the characteristics of employee benefits including paid leave, medical care plans, life and disability insurance, and retirement plans. With few exceptions, the Employee Benefits Survey is limited to benefits financed at least in part by employers. Costs by industry activity Much of the difference in average compensa tion costs between State and local governments and private industry can be explained by differences in the mix of industry activities in the two sectors. The activities that occur solely in one sector generally result in a higher aver age cost of compensation for government and a lower average cost for private industry. For example, more than one-fourth of the government work force was engaged in public administration, which averaged $20.76 in hourly compensation.7 (See table 2.) Among other activities, public administration includes protective services (police and fire protection), State and local legislative bodies, executive offices, administrative offices, and courts. The work force required to perform these activities includes a large proportion of white-collar and skilled service occupations that had compara tively high compensation costs. In addition, government is the primary pro vider of educational services. More than half of all State and local government employees were engaged in educational activities, compared with 2 percent of private sector workers. The average cost of compensation was $26.55 per hour worked for the mostly white-collar work ers in government educational services.8 In contrast, compensation costs for many activities that take place only in the private sector, such as in manufacturing, wholesale trade, retail trade, and finance, insurance, and real estate, had compensation costs less than $20 per hour. (See table 3.) Combined, these activities accounted for more than half of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 1. Employer costs per hour worked for employee compensation, State and local government and private Industry, March 1992 State and local governments Private Industry Series Cost Percent Cost Percent Total compensation....... Wages and salaries.... Total benefits............... Paid leave................. Vacations................ Holidays.................. Sick leave............... Other leave............. $16.14 11.58 4.55 1.09 .54 .37 .14 .05 100.0 71.8 28.2 6.8 3.3 2.3 .9 .3 $23.49 16.3 7.09 1.80 .60 .58 .47 .15 100.0 69.8 30.2 7.7 2.6 2.5 2.0 .7 Supplemental pay.... Premium pa y.......... Shift pay................... Nonproduction bonuses................ .39 .18 .05 2.4 1.1 .3 .21 .10 .04 .9 .15 1.0 .07 .3 Insurance................... Life........................... Health...................... Sickness and accident. 1.12 .05 1.02 .05 6.9 .3 6.3 .3 1.84 .05 1.75 .04 7.8 .2 7.4 .2 Retirement and savings Pensions................. Savings and thrift.... .46 .36 .10 2.9 2.3 .6 1.82 1.81 7.8 7.7 (1) (1) Legally required2....... Social Security........ Federal unemployment State unemployment Workers compensation 1.47 .96 .03 .10 .36 9.1 6.0 1.40 1.07 6.0 4.6 .2 .6 2.2 .04 .28 (1) (1) .1 1.2 Other benefits3......... .02 .1 .02 .1 .4 .2 1Cost per hour worked is $0.01 or less. 2 Includes railroad retirement and supplemental railroad retirement, railroad unemploy ment insurance, and other legally required benefits in addition to those shown separately. includes serverance pay and supplemental unemployment benefits. private industry employment. Retail trade activities, for example, employed more than one-fifth of the private sector work force, and averaged $9.07 per hour in total compensation. Retail trade activities employed a large propor tion of salesworkers and service workers, whose compensation is less than that of the largely white-collar workers in State and local governments. Compensation costs were similar for indus try activities common to government and the private sector. For example, construction, transportation and public utilities, and health services are found in both sectors. As shown in the following tabulation, government and private sector compensation costs were similar for these activities. Compensation costs for private sector transportation and public utili ties workers were essentially identical to their government counterparts: Monthly Labor Review May 1993 15 Cost of Employee Compensation Table 2. Employer costs per hour worked for employee compensation by occupational and industry group, State and local government and private industry, March 1992 Benefit costs Total compen sation Wages and salaries Total State and local government...... $23.49 $16.39 $7.09 $1.80 $0.21 $1.84 $1.82 $1.40 $0.02 Occupational group: White-collar occupations.............. Professional spedaty and technical... Teachers...................................... 25.55 31.50 34.42 18.99 23.10 25.74 7.56 8.40 8.68 1.90 1.87 1.65 .14 .16 .08 1.96 2.14 2.31 2.03 2.48 2.82 1.50 1.71 1.78 03 .04 .04 29.86 20.84 9.02 2.98 .14 1.81 2.31 1.76 .02 15.03 9.90 5.13 1.41 .09 1.68 .99 .95 i2) 18.06 16.52 11.69 10.54 6.38 5.99 1.67 1.53 .34 .36 1.70 1.53 1.26 1.46 1.39 1.09 .02 .02 Series Executive, administrative, and managerial................................. Administrative support including clerical...................... Blue-collar occupations................ Service occupations...................... Supple mental pay insurance Retirement and savings Legally required benefits Other benefits1 Industry group: Services...................................... Health services......................... Hospitals................................... Educational services................... Elementary and secondary education............. Higher education....................... Public administration................... 24.92 18.42 18.80 26.55 17.85 12.45 12.77 19.25 7.06 5.98 6.02 7.30 1.68 1.90 1.94 1.63 .15 .49 .48 .09 1.92 1.32 1.31 2.04 1.90 .98 .98 2.09 1.40 1.27 1.29 1.43 .03 .02 .02 .03 26.73 26.95 20.76 19.38 19.59 13.69 7.35 7.36 7.07 1.53 1.91 2.03 .08 .12 .28 2.14 1.82 1.64 2.16 1.96 1.77 1.41 1.54 1.32 .04 .02 Private Industry........................... 16.14 11.58 4.55 1.09 .39 1.12 .46 1.47 .02 18.95 25.20 13.90 18.45 5.05 6.75 1.43 2.03 .37 .52 1.23 1.51 .53 .73 1.47 1.93 02 .02 29.42 13.26 21.62 10.24 7.81 3.03 2.56 .66 .60 .23 1.59 .72 .94 .27 2.08 1.14 .03 13.69 9.74 3.95 1.01 .26 1.20 .38 1.09 P) 15.88 10.74 5.13 .94 .56 1.29 .53 1.77 .04 20.30 13.86 6.44 1.26 .67 1.53 .73 2.21 .04 14.98 16.15 9.79 10.87 5.19 5.28 .99 .92 .68 .51 1.46 1.22 .47 .57 1.53 2.04 07 .02 11.41 7.95 3.46 .54 .34 .87 .33 1.36 (2) Service occupations...................... 8.43 6.38 2.05 .39 .12 .45 .14 .94 P) Industry group: Goods-producing industries3........ Construction................................... Manufacturing Industries.............. Durables........................ Nondurables............................. 19.38 18.91 19.20 20.77 17.10 13.17 13.34 12.93 13.77 11.82 6.21 5.56 6.26 7.00 5.28 1.33 .62 1.47 1.64 1.24 .64 .50 .67 .79 .51 1.60 1.10 1.70 1.95 1.37 .70 .81 .65 .73 .56 1.89 2.54 1.71 1.80 1.58 05 Service producing Industries4 ...... Transportation and public utilities..... Wholesale trade..................... Retail trade................................... Finance, insurance, and real estate.. Services................................ 14.99 22.91 17.67 9.07 19.95 15.59 11.02 5.72 12.70 7.00 14.58 11.56 3.97 7.19 4.97 2.07 5.38 4.03 1.01 1.87 1.15 .38 1.57 1.09 .30 .50 .48 .17 .31 .30 .95 1.81 1.29 .44 1.48 .90 .38 .83 .44 .12 .65 .38 1.33 2.15 1.59 .95 1.35 1.35 Occupational group: White-collar occupations............. Professional spedaty and technical .. Executive, administrative, managerial .............................. Sales workers............................. Administrative support including clerical..................... Blue-collar occupations................ Precision production, craft, and rep a ir...................... Machine operators, assemblers, and inspectors......................... Transportation and material moving... Handlers, equipment cleaners, helpers, and laborers............ 'Includes severance pay and supplemental unemployment benefits. 2Cost per hour worked is $0.01 or less. aincludes mining, construction, and manufacturing. 16 Paid leave Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (2) P) P) .06 .09 .02 P) 03 .02 P) .02 P) includes transportation, communications, and public utilities; wholesale and retail trade: finance, insurance, and real estate; and service Industries. T o ta l c o m p e n s a tio n P r iv a te Construction..................... . . . $18.91 Transportation and public utilities.............. . . . 22.91 Health services............... . . . 16.77 G overnm ent $16.89 22.95 18.42 P e r c e n t o f to ta l e m p lo y m e n t P r iv a te Construction............................... Transportation and public u tilities........................ Health services............................... G overnm ent 5 3 7 10 5 8 The overwhelming concentration of public employment in educational services and public administration demonstrates the role of State and local governments as unique providers of particular services. These activities raised the average cost of compensation for State and local governments. Compensation costs were generally equivalent when certain activities common to government and private industry were examined. vice workers, who as a group had compensa tion costs that were 96 percent higher in gov ernment than in private industry. The disparities in compensation costs be tween workers in the same broad occupations in the public and private sectors reflect the dif ferences in the composition of jobs making up those broad occupational groups. Professional and technical employees represented more than half of the government white-collar work force, compared with less than one-fourth of the private sector work force. In contrast, more than one-fifth of the private sector white-collar employees were sales workers, a job seldom found in government. The following tabulation shows the percent of private and government workers in selected occupational groups: P r iv a te All white-collar occupations----- 100 Professional and technical . . . . 24 Executive, administrative and managerial......................... 17 Sales .............................................. 22 Administrative support including clerical....................... 37 G overn m en t 100 56 15 * 28 *Less than 1 percent. Costs by occupation The differences in the industry mix between the public and the private sectors also lead to differences in the occupational composition of their work forces. The following shows the mix of occupations and their costs of compensation in the two sectors. T o ta l c o m p e n s a tio n P r iv a te G o v e r n m e n t White c o lla r ..................................... $18.95 Blue collar........................................ 15.88 Service ............................................ 8.43 $26.55 18.06 16.52 P e r c e n t o f w o rk ers P r iv a te White c o lla r ...................................... Blue c o lla r ........................................ Service ............................................... 51 32 17 G overn m en t 68 12 20 Government compensation costs were high er for each of the major occupational groups than costs in the private sector. Compensation for white-collar workers was 40 percent higher in government than in private industry, while the difference for blue-collar workers was 14 percent. The largest cost difference was for ser https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The difference in the cost of compensation for service occupations is due largely to the mix of service jobs. For example, police and firefighters accounted for 1 of 4 service workers in State and local governments, but were essentially nonexistent in the private sector. Because of the hazardous nature of such jobs and the skills required to perform them, these public safety occupations cost government employers more than $20 per hour worked.9 Conversely, the private sector work force includes a large proportion of comparatively low compensated service occupations not readily found in government. For example, wages for waiters and waitresses and food preparation workers in eating and drinking establishments were often at, or below, the Federal minimum wage. In addition to wages, tips are frequently paid to employees in these industries; however, the Employment Cost Index excludes tips from the calculation of average hourly compensation because they are not part of the employer-paid compensation package.10 Differences in compensation costs between government and private industry were small for white-collar occupations that are more Monthly Labor Review May 1993 17 Cost of Employee Compensation Table 3. Average weekly earnings of selected occupations in selected metropolitan areas, State and local governments and private industry, 1991 Dallas December 1991 Occupation Private Industry Denver November 1991 Detroit December 1991 State and local govern ment Private Industry State and local govern ment Private Industry State and local govern ment Los Angeles December 1991 Private Industry Nassau/Suffolk November 1991 State and State and local local Private govern Industry govern ment ment Accounting clerk III1........................ $410 $368 $404 $431 $431 $474 $451 $502 $436 $525 Secretary MR.................................... 483 433 469 485 545 536 554 658 487 533 Accountant III3 ................................ 716 670 732 679 759 686 745 795 723 849 Engineer IV4 .................................... 992 968 1,057 942 1,025 884 1,040 1,092 1,013 1,172 Attorney III5...................................... 1,298 1,087 1,111 1 ,145 1,181 1,151 1,450 1,460 1,127 1,237 ’Accounting clerks, Level III, use a knowledge of double-entry bookkeep ing to perform a variety of routine accounting tasks. Completed work and methods are reviewed for technical accuracy. Secretaries, Level III, handle differing responsibilities, situations and problems with minimal supervisory guidance, working in a complex organiza tional structure. Accountants, Level III, are responsible for day-to-day operations of a sta ble and well-established system, or an assigned segment of such a system. Table 4. «Engineers, Level IV, are fully competent In all conventional aspects of their subject matter, and perform most assignments independently. Attorneys, Level III, perform difficult legal work of substantial importance to the organization independently, with only decisions having an important bearing on the organization reviewed. Source: U.S. Bureau of Labor Statistics, Occupational Compensation Survey Program. Percent of full-time employees receiving benefits, and average number of days of vacation and sick leave, by length of service, State and local governments and private industry, 1990-91 Private Industry Benefit Item All employees State and local governments White-collar employees Blue-collar employees All employees All employees except teachers Teachers Holidays.......................................... Vacation......................................... Sick leave....................................... 88 92 56 93 95 74 82 89 38 74 67 94 89 88 94 33 10 97 Medical care................................... Life insurance................................ Long term disability....................... Sickness and accident insurance...................................... 76 79 29 80 85 42 71 72 16 93 88 27 93 88 26 91 87 32 35 29 41 21 23 16 Retirement...................................... Defined benefit............................ Defined contribution.................... 60 39 39 64 40 46 55 38 31 96 90 9 95 89 9 99 94 11 Number of holidays (days)........... 9 10 9 14 14 13 Days of vacation after: 1 year........................................... 3 years.......................................... 5 years.......................................... 10 years........................................ 15 years........................................ 20 years........................................ 8.5 10.5 12.5 15.1 16.6 17.8 9.6 11.2 13.4 16.0 17.6 18.6 7.2 9.7 11.4 14.0 15.6 16.8 12.2 13.4 15.3 18.4 20.4 22.1 12.2 13.4 15.3 18.5 20.5 22.3 12.7 13.3 14.1 15.6 16.8 17.9 Days of sick leave after: 1 y e ar........................................... 3 years.......................................... 5 years.......................................... 10 years........................................ 10.6 13.1 15.5 18.5 11.6 14.8 17.6 21.3 8.7 9.9 11.3 12.9 12.6 12.8 13.1 13.5 12.8 13.0 13.2 3.6 12.2 12.4 12.9 13.1 Note: 18 Computation of average excluded workers with no holidays or vacation days. Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis closely related in both sectors. For example, executive, administrative, and managerial occupations accounted for about 1 of 6 white-collar employees in each sector, and their average hourly compensation costs were virtually identical. However, broad comparisons between gov ernment and private employee compensation may conceal distinct differences. For example, employer costs between the public and private sectors show some variability when particular white-collar occupations in specific locations are compared. Data from the BLS Occupational Compensation Surveys Program provide average weekly wage data in selected metropolitan areas for specific occupations with similar duties and responsibilities. The results indicate that higher wages differ by occupation and location. For example, secretaries, level III (secre taries to mid-level managers), earned approxi mately 10 percent less than their private sector counterparts in Dallas, but nearly 20 percent more in Los Angeles. In Detroit, level III government accounting clerks (who perform double-entry bookkeeping) averaged 10 per cent more than similar private sector workers, while level III government accountants (who supervise stable and established accounting systems) averaged 10 percent less than in the private sector.11(See table 3.) Employee benefits More than one-third of the gap in total compensation between State and local govern ments and private industry was due to differ ences in the costs for employee benefits. Government costs for providing employee benefits were, on average, 56 percent higher than those of private employers. While govern ments spent an average of $7.09 per hour worked on benefits, private industry employers spent $4.55. (See table 1.) Three primary factors influence benefit costs and contributed to the gap between gov ernment and private industry. First, some benefits are linked to earnings (for example, pension plans and paid leave); as a result, costs for these benefits are affected by the higher av erage wage levels for government occupations. Second, employee benefits generally are more common in State and local government estab lishments than in the private sector. Finally, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis differences in the provisions of benefit plans contributed to differences in benefits costs. A few cautionary notes are in order. It is important to emphasize that estimates of employer costs for particular benefits are not sound measures of employee welfare. For example, although a defined benefit retirement plan may be costlier to employers than a defined contribution plan, the benefit paid out to employees at retirement for a defined contribution plan may be the same or higher. Second, the incidence of benefits varies widely by establishment size in the private sector. Small private establishments with fewer than 100 employees are far less likely to provide certain types of benefits, such as retirement and health insurance, than are larger private establishments and State and local govern ments. Finally, due to limits in the data, we cannot calculate the precise cost to employers of specific benefit plan provisions. The largest cost difference between State and local governments and private industry was for retirement benefits. At $1.82 per hour worked, government retirement costs were nearly four times higher than the 46-cent cost in the private sector. Spending on retirement accounted for 26 percent of all benefit costs in government, compared with 10 percent in pri vate industry. The cost difference for retirement benefits reflects the incidence of benefits, the effects of wage levels, and differences in benefit provi sions. Virtually all government employees (96 percent) were covered by a retirement plan, compared with only three-fifths in the private sector.12 (See table 4.) Furthermore, calcula tions of employee retirement benefits are usu ally based on employee wages; therefore, high er aggregate average wage levels among gov ernment workers tend to increase the costs for government retirement benefits relative to the private sector. Finally, government retirement plans, as described below, tend to have differ ent provisions than plans in the private sector. The majority of government workers, unlike private industry workers, participated in de fined benefit pension plans, typically the most expensive retirement plans in terms of employ er costs.13 And virtually all government pen sion plan participants had their benefits calcu lated using a terminal earnings formula, com pared with just under three-fifths of the private sector pension plan participants. A terminal earnings formula is usually a costlier formula Monthly Labor Review May 1993 19 Cost of Employee Compensation for employers because the benefit is based on a percentage of an employee’s final average earnings during the several years preceding re tirement, rather than a career average or a flat dollar amount. Pension plan provisions for government employees tended to increase employer costs, but government workers also were more likely to contribute to their pension plans. Fewer than 10 percent of private sector pension partici pants were required to contribute, compared with 75 percent of government pension partici pants. Differences in the incidence and provisions of benefits also affected government and private sector insurance costs. Insurance benefits include health, life, and disability insurance. The average cost for these benefits in government was $1.84 per hour worked, while private sector employers paid $1.12. The bulk of this cost, $1.75 for government and $1.02 for private industry, was for health insurance benefits.14 Similar to retirement benefits, health insur ance benefits were offered to a greater propor tion of employees in State and local govern ments than in private industry. Overall, about 93 percent of government employees partici pated in a health care plan; 76 percent of private industry employees participated. In addition to greater coverage, health care plan provisions for government and private establishments were different in other ways. For example, the employer paid health care coverage in full for 58 percent of the govern ment work force, while 40 percent of private sector employees had such coverage. Family health care coverage fully paid by the employer also was more prevalent among public sector employees —32 percent —than among em ployees in the private sector —24 percent. In addition, a larger proportion of government employees than private sector employees par ticipated in plans, including HMO’s (health maintenance organizations), that fully covered many expenses. The average cost for paid leave benefits in government, at $1.80, was 65 percent higher than in the private sector, which was $1.09. Because the costs of paid leave are related directly to employee wages, higher average rates of pay for government employees were part of the cost difference between State and 20 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis local governments and private industry. In addition, differences in the incidence and provisions of certain leave plans, which varied widely among occupational groups, also affected employer costs in each sector. The smallest difference between average costs of paid leave was among white-collar workers. The cost of paid leave for white-collar government employees was one-third more than the average for white-collar private employees, reflecting the higher average gov ernment wage rates. One exception was paid leave for government white-collar profession al, specialty, and technical workers; the paid leave cost for these employees was 9 percent below that for similarly classified occupations in the private sector. This inconsistency was due in large part to the relatively low incidence of paid holidays and vacations for teachers in State and local governments (33 percent of State teachers and 10 percent of local teachers had such benefits). Teachers account for more than two-thirds of the government professional, specialty and technical work force, and are typically paid based on a fixed number of annual school days. In contrast to paid leave for white-collar workers, differences in the average cost of paid leave were greater between government and private industry for blue-collar and service occupations. For example, employer costs for paid leave for government blue-collar workers averaged $1.67 per hour worked in 1992, compared with 94 cents for private sector blue-collar workers. The comparatively large disparity in the cost of paid leave for these occupations reflected higher average wage rates in government, in addition to differences in the incidence of paid sick leave. More than 90 percent of all government blue-collar and service workers were covered by sick leave. In contrast, 38 percent of such private sector workers were covered. Private sector blue-col lar workers frequently received sickness and accident insurance that replaced a portion of lost wages during short-term disabilities. Differences in plan provisions also affected the cost of paid leave. For example, govern ment employees with paid holidays generally received more time off annually—13.6 paid holidays—than private industry employees who averaged 9.4 holidays. (See table 4.) For employees receiving paid vacations, average benefits for workers in the public sector ex ceeded those for private sector workers at all lengths of service. Employer compensation costs also include benefits required by law, such as Social Security, Federal and State unemployment insurance, and workers’ compensation. Such benefits cost governments $1.40 per hour worked, and accounted for about one-fifth of total benefit costs. The cost for private sector employers was higher —$1.47 per hour worked —and represented nearly one-third of all private benefit costs. Social Security, which is linked directly to wage rates, represented the majority of the cost for legally required benefits in both sectors. However, government employers are not re quired to provide Social Security coverage to all employees; approximately one of four employees did not have such coverage. This lower incidence of coverage among govern ment employees offsets their higher average wage rates. The result is similar average costs for Social Security for both sectors. D Footnotes 1 E m p lo y m e n t C o st I n d e x , J u n e 1 9 9 2 , USDL 92-471 (Bureau of Labor Statistics, July 1992). 2 The occupation describes what work an employee does; the industry describes the economic activity of the employer. For example, service employees work in a variety of industries and perform a variety of duties, such as food preparation, cleaning, and guard services. Service indus tries, in contrast, include establishments that hire em ployees from all occupational groups to provide a wide variety of services (for example, health and education) to individuals, businesses, and other entities. 3 The ECI is a fixed-weight Laspeyres index that uses occupational and industry employment counts from the 1980 Census of Population. Data collected for the ECI is used to derive hourly compensation costs by using current weights. Industry employment from the March 1992 Current Employment Statistics survey, with the occupa tional distribution from the ECI sample, provide the current weights. 4 For more details about how the ECI measures compensation, see Felicia Nathan, “Analyzing employer’s costs for wages, salaries, and benefits”, M o n th ly L a b o r R e v ie w , October 1987, pp. 3-11, and the Handbook of M e th o d s , Bulletin 2414 (Bureau of Labor Statistics, September 1992), pp. 56-66. 5 The State and local government sample was updated and expanded from 1987-1991, allowing publication of compensation cost data. These data are published annually in June with March as the reference month. See E m p lo y m e n t C o st I n d e x a n d L e v e ls , 1 9 7 5 -1 9 9 2 , Bulletin 2389 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (Bureau of Labor Statistics, October 1992). 6 Private sector data are from the 1991 Employee Bene fits Survey of medium and large establishments and the 1990 survey of small establishments. Detailed data are available from the following Bureau of Labor Statistics publications: E m p lo y e e B e n e f its in S m a ll P r iv a te E s ta b lis h m e n ts , 1 9 9 0 (Bulletin 2388, September 1991), E m p lo y e e B e n e f its in S ta t e a n d L o c a l G o v e r n m e n ts , 1 9 9 0 (Bulletin 1398, February 1992), and E m p lo y e e B e n e f its in M e d iu m a n d L a r g e E s ta b lis h m e n ts , 1 9 9 1 (Bulletin 2422, May 1993). 7 Throughout this article, references are made to the mix of industry and occupational employment in State and local government and private industry, and the effect of these mixes on the average costs of hourly compensation. These references relate to the employment weights, which are estimated from the Current Employment Statistics and the Employment Cost Index survey sample. See also foot note 3. 8 Teachers usually contract to work a set number of days a year — generally between 180 and 210 — in a 9- or 10-month contract. The ECI uses the number of hours worked per year by employees as the basis for determining average hourly compensation costs. Therefore, hourly costs for teachers do not reflect the usual 12-month work year. Additionally, the incidence of leave, particularly holidays and sick leave, is much lower for teachers than for other occupational groups due to their work contracts. 9 The average cost of compensation for police and firefighters was $22.28 in March 1991 — the last date the police and firefighters series was published. 10 For an example of the extent of tips, see I n d u s tr y W a g e S u rv e y : H o te ls a n d M o te ls , J u n e - J u ly , 1 9 8 8 , Bulletin 2335 (Bureau of Labor Statistics, 1989). 11 The Bureau’s Occupational Compensation Survey Program gathers data on wage levels in a variety of local labor markets for narrowly-defined occupations. For example, see O c c u p a tio n a l C o m p e n s a tio n S u rv e y : P a y a n d B e n e f its , Bulletin 3060-60 (Bureau of Labor Statistics, July 1992). The Occupational Compensation Surveys do not provide data on employer costs for total employee compensation, which includes employer costs for employee benefits. 12 The data presented from the Employee Benefits Sur vey cover full-time employees only. 13 In the private sector, 39 percent of the employees participated in defined benefit plans, while 39 percent participated in defined contribution plans. Defined benefit pension plans use predetermined formulas to calculate a retirement benefit, and obligate the employer to provide those benefits, regardless of investment results. Conversely, defined contribution plans specify the contribution em ployers and employees must make to the plan, but do not guarantee what future benefits will be; therefore, if investment returns are low, the employer is not obligated to provide a minimum level of benefits. Defined contribution plans can also be less costly to employers than defined benefit pension plans due to other factors, including lower administrative costs and voluntary employee participation in many plans. For more information about the costs of retirement plans, see Bradley Braden, “Increases in employer costs for employee benefits dampen dramatical ly,” M o n th ly L a b o r R e v ie w , July 1988, pp. 3-7. 14 See Albert Schwenk, “Employee compensation reports to include detail by type of insurance,” M o n th ly L a b o r R e v ie w , May 1992, pp. 43-44. Monthly Labor Review May 1993 21 C ollective bargaining agreem ents in 1992 Despite a pick-up in the economy, the concern about job security remained, perhaps contributing to the restraint exhibited by those at the bargaining table in 1992 Fehmida R. Sleemi and Phyllis I. Brown Fehmida R. Sleemi and Phyllis I. Brown are economists in the Division of Developments in LaborManagement Relations, Bureau of Labor Statistics oderation dominated labor contract negotiations in 1992. Major collec tive bargaining settlements nego tiated in private industry in the year called for changes in wage rates that were lower, on aver age, than those in the contracts they replaced. Additionally, wage changes provided by settle ments in 1992 were, on average, at the lowest level since 1988. Furthermore, the more mod erate settlements were accompanied by a re cord low number of major work stoppages (29) in 1992. (Data on major settlements cover bar gaining units of 1,000 or more workers; data on major work stoppages cover strikes and lockouts involving 1,000 or more workers.) Major economic indicators in 1992 may have posed somewhat of a quandary for nego tiators. Gross domestic product rose at the fastest pace since 1989, and with price changes at their lowest level since 1986, inflation was not a concern. (See table l.1) Boosted by in creases in output and a decline in labor hours, labor productivity in the nonfarm business sec tor posted the largest increase since 1972, and only moderate increases were recorded in em ployers’ costs for compensation as measured by the Employment Cost Index and unit labor costs. Despite various signs of an improving economy, concern about jobs remained for those at the bargaining table. The unemploy ment rate continued rising during the first half of 1992, and announcements regarding job cuts —reflecting slow demand, technological M 22 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis changes, and restructuring by companies — persisted throughout the year in many of the industries in which bargaining was scheduled. Wage changes in settlements Not since 1988 have current settlements pro vided wage rate changes that were lower than those in the contracts they replaced. (See chart 1.) Major settlements in 1992 provided changes in wage rates that averaged 2.7 per cent increases in the first contract year and 3.0 percent annually over the contract term. (See table 2.) (The average change is the net effect of decisions to increase, decrease and not change wages.) In the previous settlements, which were primarily negotiated in 1989 and 1990, wages were scheduled to change, on average, 3.6 percent in the first year and 3.4 percent per year over the term of the contract. (The Bu reau’s measures of wage rate changes under collective bargaining settlements exclude po tential changes under cost-of-living clauses (COLA’s) and lump-sum payments.) Nearly 400 settlements were negotiated in private in dustry in 1992, covering 29 percent (1.6 mil lion) of the 5.5 million workers under all major collective bargaining contracts. Four-fifths of the workers getting pacts worked in the non manufacturing sector, primarily in the con struction, communications, food store, and health services industries. Table 1. Selected major economic indicators, 1983-92 1987 1988 1989 1990 1991 1992 2.9 3.1 3.9 2.5 0.8 -1 .2 2.1 3.6 4.3 .8 3.3 1.9 3.6 1.9 2.9 3.6 3.6 .8 2.6 4.1 4.9 .9 3.2 4.8 5.0 -1 .0 4.3 5.4 4.9 0 5.4 4.2 4.3 .5 4.6 3.0 3.5 2.8 0.9 7.5 7.2 7.0 6.2 5.5 5.3 5.5 6.7 7.4 2.4 3.7 2.7 3.3 1.8 2.3 2.1 3.1 2.4 2.6 3.4 3.2 3.2 3.5 3.2 3.6 3.0 3.1 1983 1984 1985 3.9 6.2 3.2 3.2 5.7 2.4 1.5 4.3 5.2 2.1 1.9 Unemployment rate...................................... 9.6 Major collective bargaining agreements, private industry4 Wage rate changes: Settlements5............................................. All contracts6............................................ 2.8 4.0 Measure1 Percent change in Gross domestic product............................. Consumer Price Index— for all urban consumers ......................... Employment Cost Index2 ........................... Labor productivity3 ...................................... Unit labor costs3........................................... 1986 under settlements reached in the year, and annualized over the contract life. 1Data are annual averages unless indicated. 2Data are December-to-December changes. 3Data are for the nonfarm business sector. 4Limited to collective bargaining agreements of 1,000 workers or more. 6Percent change, including net increases, decreases and zero change, in wages stemming from current settlements reached in the year, settle ments reached in a prior year, and cost-of-living adjustment provisions. 5Percent change, including net increases, decreases and zero change, Average wage changes were lower in settle ments reached in 1992 than in the replaced contracts primarily because their specified wage increases were smaller, on average, than those in the previous contracts. Eighty-two percent of the workers under settlements in 1992 were scheduled to receive wage increases in the first contract year, averaging 3.6 per cent. The last time the same parties bargained, 85 percent of the workers had wage increases in the first contract year, averaging 4.4 per cent. During the term of their contracts, 92 percent of the workers under settlements in 1992 will receive wage rate gains, averaging 3.3 percent. Under the replaced agreements, 94 percent of the workers had specified wage in creases, averaging 3.6 percent annually over the contract life. Wage changes in back-loaded settlements averaged an increase of 1.3 percent for the first contract year and 2.8 percent annually over the life of the contract. Industries in which back-loaded contracts covered the plurality of workers included construction, transportation equipment manufacturing, railroads, airlines, public utilities, food stores, and health ser vices. Settlements that were front-loaded called for changes in wage rates averaging a 4.4-per cent increase in the first year and a 3.4-percent increase annually over the contract term. In dustries in which front-loaded contracts cov ered the majority of workers included commu nications, chemicals, lumber, and food and kindred products. Lump-sum payments Back-loaded contracts One way to hold down labor costs under multi year agreements is to delay all or most of a wage rate increase until after the first contract year. Such “hack-loaded” contracts were rare before 1983, but in that year and again in 1985 and 1986, settlements, on average, were backloaded. Back-loading was prominent again in 1992, with 41 percent of workers under backloaded settlements. Thirty-five percent of the workers were under front-loaded settlements, while the remaining 24 percent of the workers had either 1-year contracts or multi-year pacts with the same rate of wage change in the first year and annually over the contract term. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The inclusion of lump-sum payment provi sions in contracts in lieu of all or part of a wage rate increase is another practice often used to restrain labor cost increases. Lump-sum pay ments slow the rise in labor costs because they generally are not incorporated into the wage structure, and they are frequently excluded in the computation of wage-related benefits. (While lump-sum payments are excluded from measures of changes in wage rates, they are in cluded in measures of compensation cost changes discussed later.) About one-third (514,000) of workers under settlements in 1992 had a provision for cash lump-sum payments in their contract. They were primarily in the communications, health care services, and Monthly Labor Review May 1993 23 Collective Bargaining Agreements, 1992 transportation industries. Twenty-four settle ments for 107,900 workers added lump-sum payment provisions and 49 contracts for 206,200 workers deleted them. By the close of the year, lump-sum provisions covered 36 per cent of the 5.5 million workers under all major contracts in private industry. Because lump-sum provisions may generate payments in addition to wages, contracts con taining them typically specify smaller wage rate changes than contracts without them. (See chart 2.) In 1992, however, settlements with lump-sum provisions provided nearly the same average annual change in wages over the contract term (2.9 percent) as contracts with out such provisions (3.0 percent). As the fol lowing tabulation on annual wage changes over the contract term suggests, some trade offs may have occurred between guaranteed wage increases and lump-sum provisions. Settlements in 1992 that dropped lump-sum provisions called for wage changes specifying higher increases, on average, than were speci fied in the contracts they replaced. However, settlements that did not change the lump-sum status or that added the provision specified wage changes that were lower, on average, than in replaced contracts. Percent wage rate change in: S e ttle m e n ts R e p la c e d in 1 9 9 2 s e ttle m e n ts 3.0 3.4 3.5 2.8 2.7 2.9 1.8 3.8 3.1 3.5 All settlements............................ . . . Settlements with lump sums — Discontinued in 1992 ............ . . In Neither c o n tr a ct............. . . In Both contracts.................. . . Added in 1992 ....................... . . cola c la u s e s COLA clauses call for changes in wages based on a formula typically tied to changes in the Consumer Price Index (CPI). In 1992, nearly one-fifth of the workers were under settle ments with COLA provisions, the lowest pro portion since such data were first compiled in 1971. These workers were mostly in the com munications and transportation equipment manufacturing industries. Three settlements for 4,200 workers added COLA clauses and 13 settlements for 73,300 workers discontinued them. With these changes, 28 percent of all workers under private industry collective bar gaining contracts were covered by COLA’s by Chart 1. Average annual changes in wage rates over the life of the contract in current and replaced private industry collective bargaining settlements covering 1,000 workers or more, 1982-92 Percent 1982 Percent 1983 1984 1985 24 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1986 1987 1988 1989 1990 1991 1992 Table 2 Average (mean) changes in wage and compensation rates under collective bargaining settlements covering 1,000 workers or more, 1992 First-year change1 (percent) Annual change over life of contract2 (percent) Number of workers (thousands) Number of settlements 2.7 2.7 2.7 2.8 2.6 2.7 2.8 3.0 2.8 2.6 2.6 1.6 3.4 1.7 3.3 1.3 1.9 3.3 2.6 3.4 2.7 3.6 2.6 3.2 2.5 3.8 3.0 2.5 3.1 2.9 3.0 2.5 2.9 3.3 2.6 3.0 2.6 1.9 3.2 2.0 3.1 1.9 2.0 2.7 2.1 3.2 3.0 3.0 3.0 3.3 3.0 3.0 1,608 292 1,316 514 1,094 233 574 282 60 1,035 318 131 187 131 187 104 158 27 27 160 1,290 161 1,129 383 908 128 394 49 345 78 316 27 100 51 22 294 116 36 80 35 81 22 49 13 14 67 278 13 265 43 235 5 3.2 3.0 2.9 2.5 2.0 2.9 3.0 2.3 3.0 3.2 3.4 3.0 3.0 2.4 3.1 3.3 2.5 3.3 415 254 33 875 378 1,230 912 697 911 51 38 8 227 130 264 148 247 147 Wage changes—all industries....................... 2.7 3.1 919 60 Compensation changes—all industries........ With cola clauses................................... Without cola clauses.............................. With lump sum s...................................... Without lump sums.................................. With either lump sums, cola, or both..... With neither lump sums nor cola........... Manufacturing............................................ Nonmanufacturing..................................... Construction............................................... All industries excluding construction........ Nonmanufacturing excluding construction Goods producing....................................... Service producing ...................................... 3.0 4.1 2.7 3.8 2.5 3.8 2.4 2.7 3.1 2.1 3.2 3.3 2.4 3.3 3.1 3.0 3.2 3.2 3.1 3.2 3.1 3.0 3.2 2.7 3.2 3.3 2.8 3.3 919 213 706 376 544 401 519 118 801 136 784 666 254 666 60 10 50 18 42 21 39 7 53 14 46 39 21 39 Measure Settlements covering 1,000 workers or more Wage changes—all industries......................... With cola clauses..................................... Without cola clauses................................ With lump sum s........................................ Without lump sums................................... . With both lump sums and cola ................ With either lump sums, cola, or both...... With lump sums, but no cola .................. With cola, but no lump sums................... With neither lump sums nor cola ............ Manufacturing............................................. With cola clauses.................................... Without cola clauses............................... With lump su m s....................................... Without lump sums................................... With both lump sums and cola ............... With either lump sums, cola, or both...... With lump sums, but no cola .................. With cola, but no lump sums................... With neither lump sums nor cola ............ Nonmanufacturing...................................... With cola clauses.................................... Without cola clauses............................... With lump sums........................................ Without lump sums................................... With both lump sums and cola ............... With either lump sums, cola or both..................................................... With lump sums but no cola ................... With cola, but no lump sums.................. With neither lump sums nor cola ............ Construction............................................... All industries excluding construction......... Nonmanufacturing excluding construction Goods producing........................................ Service producing..................................... Settlements covering 5,000 workers or more 'Changes under settlements reached in the period and effective within 12 months of the contract effective date. 2Changes under settlements reached in the period expressed as an average annual rate over the life of the contract. Note : https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis es, decreases, and zero change. The lump-sum measures refer to whether or not settlements have cash lump-sum provisions. All measures exclude any cash or benefit lump sum payments and potential changes from cola clauses. Because of rounding, sums of individual employment items may not equal totals. Average (mean) changes include net increas- Monthly Labor Review May 1993 25 Collective Bargaining Agreements, 1992 the end of 1992, down from 30 percent at the end of 1991. COLA coverage was about 60 per cent from the second half of the 1970’sto 1983, then dropped steadily to the 40-percent level by 1987, where it remained until 1991. Settlements that contain COLA provisions tend to guarantee lower wage rate changes than those without a COLA mechanism because the COLA clause may generate additional wage increases over the contract term. (At the time of the settlement, any potential payments, which depend on changes in the Consumer Price Index, are unknown and thus cannot be included in the wage change measures.) Fol lowing a pattern that has existed since 1971, when the comparison was first made, settle ments in 1992 containing a COLA clause pro vided lower average annual wage changes over the contract term (2.5 percent) than those without COLA clauses (3.1 percent). For all settlements in 1992, the presence of either lump-sum payments or COLA provisions made only a slight difference in the size of the guaranteed wage change over the contract term. Thirty-six percent of the workers in settlements in 1992 had either a lump-sum provision or a COLA clause, or both. Their settlements called for wage changes averaging an increase of 2.9 percent, compared with 3.0 percent in contracts with neither provision. Manufacturing, non manufacturing In manufacturing settlements, wage rate Table 3. changes averaged an increase of 2.6 percent annually over the contract life. The compara ble measure in nonmanufacturing settlements was 3.0 percent. Historically, lump-sum and COLA provi sions have been negotiated for a higher propor tion of manufacturing workers than for non manufacturing workers and this was the case again in 1992. One- half of the workers in man ufacturing settlements, compared with about one-third of those under nonmanufacturing settlements, had either a lump-sum payment provision or a COLA clause, or both. For such workers in manufacturing, wage changes over the life of the contract averaged an increase of 2.0 percent per year, compared with 3.2 per cent for workers under settlements with nei ther provision. In nonmanufacturing, contrary to what might be expected, pacts with either lump-sum or COLA provisions, or both, speci fied wage changes that were somewhat higher (3.2 percent) than those in contracts without either provision (3.0 percent). Compensation changes in settlements In addition to changes in wages, and some times at the expense of wage improvements, settlements often amend workers’ benefit packages. Thus, a comparison between settle ments in 1992 and their previous contracts based on changes in total compensation pro vides a more comprehensive analysis of the dif- Average (mean) changes in the cost of compensation and components annu alized over the life of the contract in collective bargaining settlements cover ing 5,000 workers or more, 1992 [In percent] Compensation Cash payments1 Wages Benefits Number of workers (thousands) 2.1 1.9 1.9 2.6 919 2.1 2.2 2.0 1.9 2.0 1.9 2.3 2.7 311 608 Manufacturing....................................... 2.1 1.5 1.7 3.4 118 Nonmanufacturing.................................. 2.1 2.0 1.9 2.5 801 Goods producing.................................... 1.9 1.5 1.6 2.8 254 Service producing............................. 2.2 2.1 2.0 2.5 666 Measure All industries....................................... With contingent pay provisions2 ........ Without contingent pay provisions2 ... 1 Cash payments include wages and lump-sum pay ments. 2 Contingent pay provisions include com. clauses or contingent lump- sum payment clauses, or both. Data exclude potential changes from contingent pay provisions. Note: Average (mean) changes include net increases, 26 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis decreases, and zero change under settlements reached in 1992 expressed as an average annual rate over the life of the contract. Excludes potential changes from contingent pay provisions. Because of rounding, sums of individual employment items may not equal totals. Chart 2. Average annual change in wage rates over the life of contracts in private industry settlements covering 1,000 workers or more, 1987-92 Workers under settlements with COLA'S By cost-of-living provision Percent 1987 1988 1989 1990 1991 1992 Workers under settlements with lump sums By lump-sum provision Percent Wage rate change (percent) 1987 1988 1989 1990 1991 ference than a comparison based on changes in wages alone. The average change in compensa tion rates, which combines both wage and benefit modifications in major collective bar gaining settlements covering 5,000 or more workers, was an increase of 3.1 percent annu ally over the contract term for agreements ne gotiated in 1992. The last time the same parties bargained, the settlements specified higher changes in compensation rates, 3.7 percent. Fifty-seven percent of the workers under settlements in 1992 were in bargaining units of at least 5,000 workers. The measure of change in compensation https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1992 rates covers the ongoing wage and benefit rate structure, but excludes lump-sum payments, which are not part of the ongoing rate. A sec ond measure compiled for settlements with at least 5,000 workers, the change in compensa tion costs, includes lump-sum payments and also takes into account the length of time for which changes in wages and benefits are in ef fect during the contract. The average annual change in compensation costs over the con tract life was lower in settlements in 1992 (2.1 percent) than in the agreements they replaced (3.2 percent). Under settlements covering 5,000 or more Monthly Labor Review May 1993 27 Collective Bargaining Agreements, 1992 workers reached in 1992, the annual change in costs over the life of the contract averaged 1.9 percent for both cash payments (wages and lump sums) and wages alone, and 2.6 percent for benefits. This continues the trend in recent years for the cost of benefits to be increased proportionately more than wages. As indi cated in the following tabulation, annual changes in benefit costs exceeded changes in wage costs in 4 of the 5 years for which the data have been compiled. tween wages and benefits. Highlights of the settlement terms for the industries and bar gaining units affecting the largest number of workers follow.2 Construction. Construction workers ac counted for nearly one-fourth (378,000) of all workers under major settlements in 1992. The 130 construction settlements provided wage changes averaging increases of 2.0 percent in the first year and 2.4 percent annually over the contract life, marking the second consecutive year in which wage changes in construction P e r c e n t c h a n g e in c o sts fo r : settlements were lower than those in all other industries combined. Bargaining in construc T o ta l T o ta l W ages B e n e fits com pen cash o n ly tion in 1992 also resulted in lower average sa tio n p a y m e n ts changes in wage rates than the percent agreed 1988 ........ ......... to the last time the same parties met for con 1.7 1.5 1.6 2.1 1989 ........ ......... 2.8 2.9 2.9 2.9 tract talks, which was generally in 1989. With 1990 ........ ......... 2.4 2.2 2.1 2.8 demand for construction remaining weak in 1 9 9 1 ........ ......... 2.4 2.3 2.1 2.5 most markets, the 1992 unemployment rate 1992 ........ ......... 2.1 1.9 1.9 2.6 for private wage and salary workers in the in dustry (16.7 percent) was the highest since Higher benefit than wage increases were 1983. Settlements in each of the three major con also recorded during these years in the Bu reau’s Employment Cost Index, which covers struction sectors stipulated lower wage rate all establishments regardless of their size or changes under 1992 settlements, compared union status. In 1992, the Employment Cost with replaced agreements. Special trade settle Index for private industry workers reported ments negotiated in 1992 provided average increases of 5.2 percent for benefits and 2.6 wage changes over the contract life of 2.8 per cent per year, compared with 3.1 percent when percent for wages. the parties previously bargained. For building It is possible that the cost of the compensa construction, average wage changes were 2.3 tion package will rise further for some work ers. In addition to specified wages, lump-sums, percent in 1992 and 3.0 percent for the pre and benefits, about one-third of the workers vious bargaining period, and for heavy con under settlements for 5,000 or more workers in struction the measures were 2.2 percent and 1992 had provisions for contingent payments. 2.7 percent. Average contract duration was (See table 3.) Examples of such provisions are noticeably shorter (29 months) in heavy con struction settlements reached in 1992 than in COLA clauses and profit sharing plans. Pay the previous pacts (35 months). Duration was ments under these provisions depend on future little changed, however, between the two sets occurrences that are unknown at the time of the settlement, such as changes in the CPI or of negotiations in the general building and spe the level of a company’s profits; they are not cial trades sectors. Generally, because of differences in local included in measures of specified cost changes. conditions, regional variations exist in the size In settlements with contingent pay provisions, cost changes averaged an increase of 2.1 per of wage rate changes provided by construction cent, compared with 2.2 percent in those with settlements, and this was true again in 1992. The average gain was highest in settlements in out such provisions. the West North Central region (3.2 percent), followed by interregional agreements —those Specific industry negotiations that spanned more than one region (3.0 per cent).3 Bargaining was concentrated in the Pa Annual wage rate changes over the contract cific and East North Central regions, which to term ranged from 0 to 4.4 percent among the gether accounted for 55 percent of workers various industries with settlements in 1992. covered by construction settlements. The fol (See table 4.) The differences in wage changes lowing tabulation presents average annual often reflected the specific conditions and changes in wage rates for construction settle problems facing negotiators, and trade-offs be ments by region: 28 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis work done by outside contractors to the bar gaining unit, broader transfer opportunities for surplus employees, and expanding the jobs All construction settlements .. 2.4 100 covered by the contract. For workers forced West North Central ............. 3.2 10 Interregional........... ............. 3.0 10 off the payrolls, there were improved rehire Middle Atlantic .. . ............. 2.9 12 rights, expanded early retirement and termina P acific...................... ............. 2.4 32 tion benefits, and increased help with retrain Mountain ................ ............. 2.2 3 ing. Several contracts also contained company New E n glan d ......... ............. 2.2 2 East North Central. ............. 2.0 23 pledges of neutrality in the union’s organizing South C entral......... ............. 1.7 3 efforts among non-unionized components of South Atlantic . . . . ............. 1.3 5 the firm. All of the contracts also included im provements in wages and retained fully em Communications. Settlements in the com- ployer-paid health insurance. A majority of munications industry in 1992 covered about the workers in the regional telephone compan 359,000 workers, a little more than one-fifth of ies were covered by contingent lump-sum pay all workers under settlements during the year. ment provisions. The AT&T contract called for Communications was one of the few industries two specified lump-sum stock payments under in which settlements in 1992 provided wage anew “Sharesfor Growth” program, whichrerate changes that were higher, on average, than placed the “AT&T Performance Award” plan. in the agreements they replaced, 3.5 percent annually over the contract term, compared Wholesale and retail trade. Settlements with 2.4 percent. Wage rate changes under reached in 1992 in wholesale and retail trade communications settlements reached in 1992 covered 200,000 workers; some 165,000 of were also higher than in all other industries whom worked in food stores. The remainder combined. were employed in drug stores, department Ninety-six percent of the workers covered stores, wholesale trade, restaurants, and auto by settlements in the communications industry motive dealerships. The new agreements pro were employed by AT&T and six of the seven vided wage changes averaging an increase of 3.3 regional telephone companies that together percent annually over the term of the contract. constituted the former Bell System. Signing Most of the workers under retail food store contracts in 1992 in addition to AT&T were: settlements were represented by the United Ameritech, Bell Atlantic, BellSouth Corpora Food and Commercial Workers and employed tion, Pacific Telesis, Southwestern Bell, and by local or regional chains. Their new pacts U.S. West Communications. The workers called for wage changes to average an increase were represented by either the Communica of 3.2 percent annually over the term, com tions Workers of America or the International pared with 3.4 percent in the rest of trade and Brotherhood of Electrical Workers. NYNEX 3.3 percent specified in the replaced contracts. led the bargaining round when it signed new About one-fourth of the workers under food pacts in 1991 with the Communication Work store industry settlements had guaranteed ers and the Electrical Workers 11 months lump-sum payments; no settlements had con ahead of the 1992 scheduled contract expira tingent lump-sum provisions. Workers whose tions. While some of the contracts expiring in contracts provided lump-sum payments had 1992 were extended several times before new smaller average annual wage changes over the agreements were reached, this third round of term of the contract (2.1) percent than did negotiations since the court-ordered break-up their counterparts who did not receive lump of the Bell System in 1984, differed markedly sum payments (3.6 percent.) During 1992, from the particularly contentious bargaining lump- sum payments were newly negotiated in in 1989. In that round, settlements for four of two food store settlements for 7,500 workers the seven regional telephone companies were and dropped in six agreements affecting preceded by work stoppages. None of the 56,800 workers, bringing the proportion of settlements in 1992 involved a work stoppage. workers under all major contracts in the indus With technological changes and competitive try with lump-sum provisions to 18 percent. pressures continuing to threaten unionized Coverage has been steadily declining from a jobs, job security was a primary focus of the high of 60 percent in 1987. 1992 negotiations. While differing from one Over the years, the presence of lump-sum company contract to another, nearly all of the provisions seems to have limited the average settlements contained new or enhanced mech size of wage rate changes in food store collec anisms to address this issue. Job security im tive bargaining settlements. For example, in provements included provisions for shifting 1987, when two-thirds of the workers under https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P ercen t w age change P ercen t o f w o rk ers Monthly Labor Review May 1993 29 Collective Bargaining Agreements, 1992 settlements had a lump-sum provision, annual wage changes under industry settlements aver aged an increase of 1.6 percent. In that year, annual wage changes for settlements in all in dustries averaged an increase of 2.1 percent. In 1990, lump- sum provisions were present in food store settlements covering less than 10 Table 4. percent of the workers, and the average annual rate of change in wages was an increase of 3.8 percent. The comparable measure for all settlements in 1990 was 3.2 percent. Health services. With seven-tenths of the Average (mean) changes in wage rates annualized over the life of the contract under collective bar gaining settlements covering 1,000 workers or more, selected industries, 1987-92 [In percent] Industry 1987 1988 1992 1989 1990 1991 Settlements All industries.................................... Mining.............................................. Construction.................................... Building construction.................. Heavy construction excluding building...................................... Special trade contractors........... Manufacturing................................. Food and kindred products............ Tobacco products....................... Textile mill products................... Apparel and other textile products.................................... Lumber and wood products except furniture.......................... Furniture and fixtures .................... Paper and allied products.............. Printing and publishing................... Chemicals and allied products............................... Petroleum and coal products......... Rubber and miscellaneous plastics products........................... Leather and leather product........... Stone, clay, glass, and concrete products......................... Primary metal industries.............. Fabricated metal products........... Industrial machinery and equipment..................................... Electronic and other electric equipment...................................... Transportation equipment.............. Instruments and related products......................................... Miscellaneous manufacturing industries........................................ Nonmanufacturing2 ......................... Railroad transportation................... Trucking and warehousing............. Airlines............................................. Communications............................. Electric, gas, and sanitary services.......................................... Wholesale and retail trade........... Food stores..................................... Finance, insurance, and real estate............................................. Services........................................... Health services............................... 2.1 — 3.1 3.6 2.4 (1) 2.6 2.7 3.4 (1) 3.0 3.0 3.2 4.9 4.2 4.0 3.2 (1) 2.9 2.7 3.0 (1) 2.4 2.3 3.4 (1) 2.9 3.0 2.2 3.0 1.3 2.7 — 5.6 2.8 2.4 2.1 2.2 (1) 2.7 2.9 3.1 3.2 3.1 (1) 4.0 4.2 4.5 2.1 3.4 — 4.2 3.1 3.0 3.1 3.2 (1) 4.1 2.2 2.8 2.6 2.6 (1) 4.4 2.7 3.1 2.6 2.5 (1) 4.1 4.0 4.1 (1) 3.5 (1) 2.5 3.2 (1) (1) 1.2 2.1 2.8 (1) 1.7 (’) (1) (1) 1.9 3.2 (1) (1) 2.1 3.5 (1) (1) 1.7 1.6 3.3 (1) 2.7 0) 1.9 (1) 1.6 (1) 1.9 (1) 2.7 2.5 3.5 (1) 4.0 5.0 4.1 — 3.7 — 3.9 — -.7 (1) 1.3 (1) (1) (’) (1) .9 (1) (1) (1) 2.3 -.8 1.3 2.5 1.4 2.2 2.6 3.7 2.2 3.0 4.7 2.3 (’) 0) 2.0 1.9 .8 2.0 2.6 1.2 2.4 .3 1.2 1.7 1.3 1.2 (1) (1) 2.1 .9 1.8 .8 2.8 4.2 .9 1.4 (1) 3.7 (1) (1) (1) (1) — (1) 3.0 (1) (1) (1) (1) — (1) 3.3 (1) 3.0 (1) 3.6 (1) 2.7 3.5 2.5 (’) 3.4 4.0 2.6 (1) 3.5 1.5 __ 1.0 .7 1.8 _ _ (1) 4.6 2.4 (1) 4.6 3.0 2.9 (1) 4.3 (1) 4.1 (1) .9 3.5 2.6 (1) 4.4 2.4 3.1 1.7 1.6 2.8 3.2 2.8 3.7 3.5 3.2 4.0 3.7 3.8 4.4 3.3 3.4 3.9 3.3 3.2 4.1 3.5 3.3 3.5 4.1 2.9 4.7 4.3 4.9 4.8 6.1 7.7 2.9 5.3 5.6 (1) 4.9 7.3 3.7 3.4 3.5 (1) 8.2 8.9 ’ Data do not meet publication standards, includes mining and construction, shown above. Note: Average (mean) changes include net increases, decreases, 30 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Replaced contracts and zero change under settlements reached in the period expressed as an average annual rate over the life of the contract. Excludes lump-sum pay ments and potential changes from cola clauses. Dashes Indicate no observations. workers under major contracts in the health services industry covered by a new agreement, 1992 was a heavy bargaining year in the indus try. About 127,000 workers in hospitals and other health care facilities were covered under 21 contracts negotiated in 1992. Annual wage changes over the life of the contract in health care settlements (3.5 percent) were higher, on average, than in all other industries combined (2.9 percent). The pattern of higher wage settlements in health care industries than in all other industries has existed since 1982, when such data were first tabulated. While wage gains continued to be above av erage in the health services industry, settle ments in 1992 provided lower wage rate gains than those previously bargained, which aver aged an increase of 8.9 percent annually over the life of the agreement. Settlements affecting 50 percent of all health care workers covered by 1992 settlements included lump-sum pay ment provisions. None of the agreements con tained COLA clauses. The Home Health Care Council of New York agreement, ratified in January 1992, cov ered 20,000 home health care workers repre sented by local 1199 of the Drug, Hospital, and Health Care Employees Union. The 2-year agreement, which was retroactive to July 1990 and increased wages by 5 percent to $6.20 per hour, followed a 2-year agreement negotiated in 1988, which raised wages by 42 percent from $4.15 to $5.90 per hour. (The contract signed in January 1992 expired June 30, 1992. The parties continued operating under that contract throughout the remainder of the year, as they had not settled a new contract by the end of 1992.) About 35 percent (45,000) of the workers under the industry’s 1992 settlements were covered by the June agreement between the League of Voluntary Hospitals and Homes of New York (the league) and Local 1199 of the Drug, Hospital and Health Care Employees Union. The 3-year contract, which was effec tive July 1, provided a $500 lump-sum pay ment and a 3-percent wage increase in the first year, a 3-percent wage increase in the second year, and a 4-percent wage increase in the final year of the agreement. The health care plan was maintained with no employee co-pay ments or deductibles. The employer contribution to the benefit fund was increased by 1.2 percentage points in the first year, and 1.8 percentage points in the second to 17.53 percent of gross payroll. Em ployer contributions to the pension fund were raised by 1.5 percentage points to 6.75 percent of gross payroll in the first year, and to the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis training fund by 0.25 percentage points to 0.75 percent of payroll in the second year. The training fund will help support a job security provision, which gives laid-off league workers preference in obtaining jobs at league hospi tals. A child care fund was established, with employers contributing 0.3 percent of payroll in the third year of the agreement. The peacefully concluded 1992 negotiations ended a 20-year series of league agreements that had been preceded by work stoppages or threats of such action. The negotiations also marked a return to pattern bargaining among former league members. In 1986, several hos pitals, including the Catholic Hospitals of New York, Beth Israel Medical Center, and the Presbyterian Hospital, broke from the league and reached separate contracts with Local 1199 that included wage terms different from the league. Different terms were also nego tiated in the 1989 settlements. On the West Coast, Kaiser Permanente reached agreements at its medical facilities in Northern and Southern California. The 3-year agreement negotiated October 31 between Kaiser Permanente (Northern California) and 13.000 employees represented by Local 250 of the Hospital and Health Care Workers pro vided 5 percent wage increases in each year of the agreement. The new pact covers a variety of jobs ranging from nurses to housekeepers; workers in classifications in which Kaiser has had trouble recruiting new employees, such as nurses and technical staff, received an addi tional 2-percent wage increase. Evening and night shift differentials were increased by 25 cents per hour in the first year to a range of $1-$1.95 per hour. The contract also provided an additional $2 per hour (was $1) in lieu of benefits for technical employees working less than 20 hours per week. In Southern California, Kaiser Permanente negotiated a 3-year agreement on June 22 with 6.000 nurses and physicians’ assistants repre sented by the United Nurses Association of California. In the first year, nurses received a 4-percent wage increase and physicians’ assis tants received 4.5 percent. In the second and third years of the agreement, all covered em ployees will receive 2 percent each year, or whatever increase is necessary to keep wage rates 4 percent above the average rate paid by 25 other area hospitals. Electric, gas, and sanitary services. Approxi mately 97,000 workers were covered by 34 contracts reached during 1992 in the electric, gas, and sanitary services industry. Major settlements included the pact between ConsolMonthly Labor Review May 1993 31 Collective Bargaining Agreements, 1992 idated Edison Company of New York and the Utility Workers of America, and the Com monwealth Edison of Illinois and Florida Power and Light contracts with the Electrical Workers. Bargaining in the industry is at the local lev el and settlement terms vary with the parties involved. All of the settlements provided wage increases in the first contract year, with the gains ranging from 1.9 percent to 7.6 percent. The range of the annual wage changes over the contract terms was much narrower, 2.1 per cent to 4.7 percent. Overall, settlements in the industry provided wage changes averaging 4.1 percent in the first contract year and 3.9 per cent annually over the life of the contracts, nearly the same as the replaced contracts. Continuing a pattern exhibited since the data were first tabulated in 1982, wage settle ments in the electric, gas, and sanitary services industry were higher, on average, than those in all other industries combined. As in the past, the utility settlements also tended to forgo pro visions for lump-sum payments or COLA’s. Only 14 percent of the workers under 1992 settlements were covered by contracts with ei ther of these clauses. The Boeing Company. Amid continuing cuts in spending and employment in the aerospace industry, Boeing concluded two settlements during 1992. In early October, Boeing and the International Association of Machinists reached an agreement for 46,000 workers in Washington, Oregon, and Kansas. An identi cal agreement was negotiated in mid-October with the United Automobile Workers for 2,900 workers in Pennsylvania. The 3-year contracts called for a lump-sum payment for the first year of the contract equal to 12 percent of the employee’s earnings dur ing the previous contract year, and wage in creases of 3.5 percent in the second and third contract years. A two-tiered wage system was established, with lower rates for new-hires in the six lowest job levels. Wage rates for new hires in the four highest classifications were in creased. The COLA clause was continued un changed from the previous contracts, and 30 cents was prepaid in October 1992, to be offset by COLA amounts generated by the subsequent quarterly reviews. Benefit improvements included increased life insurance and higher payments for acciden tal death and dismemberment, and disability. Pensions were increased from $30 to $35 per month for each year of credited service. Peace ful negotiations were threatened when Boeing sought to have workers begin paying part of 32 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis their health care insurance. A confrontation was avoided when Boeing agreed to continue to fully finance employee health insurance. Wage changes in all contracts The average change in wage rates from all ma jor contracts (those covering at least 1,000 workers) in effect during 1992 was an increase of 3.1 percent, compared with 3.6 percent in 1991. Prior to 1992, the average change in wages had risen for three consecutive years. In any year, collective bargaining contracts can generate wage changes from one or more sources: settlements negotiated in the year, settlements reached in prior years, and the op eration of COLA clauses. Whether the wage change is an increase or a decrease, the size of the change, and the number of workers receiv ing the changes all affect the average change. The moderation in 1992 in the average wage change under all contracts reflects several of these factors, and a comparison with 1991 measures can help illustrate their effects. The relatively modest first year increases provided by settlements negotiated in 1992 and the high percentage of workers not receiving an in crease in the first year of their contract held the contribution to the average wage rate change from settlements in 1992 to 0.8 percent. In 1991, the comparable measure was 1.1 per cent, reflecting higher average first year changes provided by 1991 settlements and a larger proportion of workers receiving changes. In 1992, the contribution from settlements reached in earlier years was 1.9 percent, the same as in 1991. In both years, about the same percentage of workers under all major con tracts received deferred wage increases and the average increases were nearly the same size. Wage changes from COLA’s contributed 0.4 percent in 1992, down from 0.5 percent in 1991. While the average wage increase gener ated by COLA clauses was the same in 1992 as in 1991, the proportion of workers receiving a COLA was considerably smaller in 1992. Overall in 1992, 85 percent of the 5.5 million workers under all major contracts received a wage rate increase, averaging 3.7 percent. Nearly 1.3 million workers had gains averag ing 3.6 percent from settlements negotiated in 1992, and 2.8 million workers received in creases averaging 3.8 percent from settlements reached earlier. About 1 million workers re ceived an average increase of 2.0 percent from COLA’s. (Some workers received a change from more than one source.) About 782,000 workers were covered by contracts that did not change wages in 1992, and 72,000 were under contracts that called for wage rate decreases. The decreases aver aged 5.3 percent and resulted primarily from settlements during the year. Wage RATE CHANGES under settlements in 1992, were lower, on average, than those in agreements they replaced, reversing a pattern of higher new pacts that existed between 1989 and 1991. In addition, the greater part of the wage increases under many settlements were delayed beyond the first contract year. Con tracts for approximately 2 million workers are scheduled to be renegotiated in 1993. Whether they will continue the moderation of 1992 re mains to be seen. □ Footnotes A c k n o w l e d g m e n t : Economists David R. Dunn and Edward J. Wasilewski, Jr., in the Division of Develop ments in Labor-Management Relations contributed to this article. William M. Davis and Douglas R. LeRoy, also economists in the Division, prepared the tables and charts. 1 This article uses annual average data from the Con sumer Price Index for all Urban Consumers (CPI-U). Another way to measure price change is the December-toDecember change discussed in Richard C. Bahr, “Con sumer price rise slows further in 1992,” pp. 53-56. 2 For more detailed terms of 1992 settlements, see vari ous issues of C o m p e n s a tio n a n d W o r k in g C o n d itio n s , a monthly publication of the Bureau of Labor Statistics; and Susan Behrmann, Michael H. Cimini, and Eric Johnson, “Labor-management bargaining in 1992,” M o n th ly L a b o r R e v ie w , January 1993, pp. 19-34. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 Regions and the States they comprise (including the District of Columbia) are the following: New England — Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut; Middle Atlantic—New York, New Jersey, Pennsylvania; East North Central —Ohio, Indiana, Illinois, Michigan, Wisconsin; West North Central—Min nesota, Iowa, Missouri, North Dakota, South Dakota, Ne braska, Kansas; South Atlantic —Delaware, Maryland, District of Columbia, Virginia, West Virginia, North Car olina, South Carolina, Georgia, Florida; South Central — Kentucky, Tennessee, Alabama, Mississippi, Arkansas, Louisiana, Oklahoma, Texas; Mountain—Montana, Ida ho, Wyoming, Colorado, New Mexico, Arizona, Utah, Nevada; Pacific—Washington, Oregon, California, Alas ka, Hawaii. Monthly Labor Review May 1993 33 M ultifactor productivity in the utility services industries Growth in multifactor productivity in these industries slowed by 3.2 percent per year after 1973, according to a new bls study; results also show the impact of energy price increases on the utility services industries, which are heavily dependent on fossil fuel inputs John L. Glaser John L. Glaser is an economist in the Division of Productivity Research, Office of Productivity and Technology, Bureau of Labor Statistics. his article introduces a new BLS measure of multifactor productivity for the util ity services industries, that is, electric, gas, and sanitary services.1The measure relates output to inputs of capital, labor, energy, ma terials, and purchased business services. By contrast, the previously available BLS labor productivity measure relates output to labor input only.2It is important to consider factors other than labor in measuring productivity for the utilities because capital, energy, and mate rials each account for a larger portion of utili ties’ total costs than does labor; thus, it is rea sonable to expect the industry to strive for pro ductivity gains in the use of these inputs. In particular, the heavy use of fossil fuels by utili ties offers a unique opportunity to study the impact of past energy price increases on pro ductivity. After 1973, labor productivity growth slowed by 1.7 percent per year in the nonfarm business sector.3A much larger slowdown of 6.4 percent per year occurred in electric, gas, and sanitary services. This finding is consistent with the view that the productivity slowdown partly reflected rising energy prices. Given the extensive consumption of fossil fuels by elec tric and gas utilities, large increases in the rela tive cost of energy would be expected to alter T 34 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis the optimal mix of inputs in this industry. Moreover, passing on higher energy costs would tend to reduce demand for the indus try’s output, limiting some important sources of productivity growth. Capacity utilization could fall, compromising existing scale econo mies. But also, acquisitions of new plant and equipment could be delayed, along with any technical improvements associated with them. It is important to know whether multifactor productivity growth, like labor productivity growth, has slowed significantly over the years. Average annual rates of growth in mul tifactor productivity are reported here for 1948 through 1988. Data for the pre- and post-1973 periods reveal the extent of the pro ductivity slowdown in utility services indus tries. The multifactor productivity framework is also used to examine single-factor productiv ity ratios for inputs other than labor and whether they rose or fell following the energy price increases. This article contributes to our understand ing of productivity and costs in the services sector generally. For example, 12 percent of capital income in the nonfarm, nonmanufac turing sector of the economy accrued to utility services industries in 1988, and electric utili ties have accounted for more than one-third of annual energy consumption in the United States since 1981.4 Thus, examination of pro ductivity gains stemming from these and other factors in utility services industries is an im portant component of an effort to understand multifactor productivity trends in services as a whole.5 Methodology Measurement framework. Multifactor pro ductivity is defined as output per unit of com bined inputs of capital, labor, energy, materi als, and purchased business services. Since multifactor productivity growth is being mea sured for a small group of industries in this study, it is important that intermediate in puts —energy, materials, and services —are ex plicitly included. Measures of productivity for large sectors of the economy may reasonably be defined in terms of real value-added output relative to labor and capital inputs. This is be cause most intermediate inputs are both pro duced and consumed within large sectors; therefore, intermediates would be counted as both inputs and outputs in gross output mea sures. It follows that value-added measures avoid double counting intermediate transac tions. By contrast, for multifactor productivity measures of smaller groups of industries, such as the utilities sector, it becomes more impor tant to consider the effects of intermediate in puts. If intermediates were omitted, economies or diseconomies in their use would not be re flected correctly in the productivity measure. Inclusion of intermediate inputs implies a broader definition of output. Now, gross out put would equal all sales by public utilities, in cluding those to other utilities. In this study, we develop measures of sectoral output, de fined as sales to customers outside the public utilities sector.6 Sectoral output differs from gross output in that it avoids double counting miraindustry transactions. These transactions are important for electric and gas utilities be cause of the substantial amounts of gas and electricity resold among them and because of consumption of gas by electric utilities. Intraindustry sales of gas and electricity are excluded from input as well as from output. With respect to the electric utilities, this helps to focus the analysis on efficiency in the con version of fossil fuels to electricity and on the delivery of electricity to end users. In effect, those quantities of electricity transmitted be tween producers are removed from both out put and energy input. Identification of intraindustry gas sales is complicated by the fact that the gas industry is https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis divided between two major SIC industry groups. Gas is produced at wells and process ing plants classified in SIC 13, oil and gas ex traction. It is then purchased by pipeline and distribution companies in SIC 49 and is trans ported, after possibly being stored for a time, and delivered to final consumers. Gas sold by producers in SIC 13 to pipelines and distribu tors in SIC 49 is classified as input in this study, but gas resold by pipelines to distributors is not. The latter transactions account for the bulk of intraindustry gas sales. Purchases from gas utilities by electric utilities are also ex cluded from energy input and from output. Typically, utility companies are engaged in two major types of activities: delivery of utility services and construction of facilities. Con struction work performed by utilities is consid ered an output of the construction industry, and not the utility services industry, because it is a fundamentally different type of production from the delivery of utility services.7 The measure of multifactor productivity in utility services industries introduced in this analysis is an index computed from annual rates of multifactor productivity growth. The multifactor productivity growth rate is com puted as the rate of growth in sectoral output less the rate of growth in aggregate input; that is, (1) A In A = A In 7 - A In /, where Ain refers to differences in successive logarithms, A is an index of multifactor pro ductivity, Y is an index of sectoral output, and I is an index of aggregate input. The measure I is computed as a Tornqvist index of the five major types of inputs as fol lows.8 First, annual rates of growth in aggre gate input are computed: (2) Ain / = Wi Ain Here, Ain refers to differences in successive logarithms, X\ are quantity indexes of inputs i (i = K,L,EM ,S), and wt are averages of the factor shares in income of each input (sf) in the current and previous years; that is, (3) wi t = (si t + sit t . j)/2 . Then the aggregate input index (I) is con structed as a “chain index,” that is to say, by setting I q equal to 1 in the first year and com puting It for each successive year —1 year at a time —using the time series of input growth rates (Ain It) and the formula Monthly Labor Review May 1993 35 Multifactor Productivity in Utility Services (4) I - I 11~ l t - 1 e ¿ini, Similarly, the multifactor productivity in dex (A) is constructed from the multifactor productivity growth rates (Ain Af) in formula ( l ):9 A,= (5) A ,.x Data. Total input is a Tornqvist aggregate of quantity measures for each of the five major types of input. These major input measures are, in turn, Tornqvist indexes of more detailed in put categories, as dictated by the availability of data. In general, we begin with quantity in dexes for specific inputs at the most detailed level that source data permit. A price series corresponding to each input is calculated by di viding current dollar expenditures on the input by the quantity index. These data permit com putation of Tornqvist chain indexes for each major type of input and, thus, for total input. Total output is computed as a Tornqvist ag gregate of quantity indexes for the output of Table 1. each utility service.10 In turn, output indexes for both electricity and natural gas services are derived from sales and revenue data for several categories of consumption.11 Ideally, source data express quantity in physical units and in sufficient detail that each category within output and input is homoge neous. This is approximately true for electric ity and gas output and for capital and energy inputs. Data for electricity and gas output are reported by type of customer, distinguishing otherwise homogeneous products on the basis of their unit costs of production and delivery. Aggregate capital input is derived from data for 17 types of capital, and energy input is based on 10 different fuels. Physical quantities are also reported for gas used as a material in put in production. Data on expenditures must be relied upon in the development of both nongas materials and business services inputs. Several categories of purchases are deflated separately prior to ag gregation, in an effort to obtain the most reli able constant-dollar measures possible. Compound annual rates of change in productivity and related measures for the utility services industries, 1948-88 Multifactor and single-factor productivity Period Multifactor productivity QY/QI Capital Labor Energy Materials QY/QK QY/QL QY/QE QY/QM Business services QY/QS 1948-88.......................................... 1948-73 (a ).............................. 1973-88 (b ).............................. 2.4 3.6 .4 1.8 3.4 -.8 3.8 6.2 -.2 1.3 1.2 1.4 2.9 3.6 1.9 0.6 .9 .1 Change (b - a ) .................................. -3 .2 -4 .2 -6 .4 .2 -1 .7 -.8 Output and Input Business services Output Capital Labor Energy Materials QY QK QL OE QM 1948-88........................................... 1948-73 (a ) ................................ 1973-88 (b ).............................. 5.4 7.8 1.6 3.6 4.3 2.4 1.6 1.5 1.8 4.1 6.5 .2 -.3 4.8 6.9 1.5 Change (b - a ).................................. -6 .2 -1 .9 .3 -6 .3 -4 .4 -5 .4 2.5 4.1 OS Prices Output Capitol Labor Energy Materials PY PK PL PE PM PS 1948-88........................................... 1948-73 (a ) .............................. 1973-88 (b ).............................. 3.7 .6 9.2 5.8 4.3 8.5 6.5 5.4 5.5 2.1 7.3 4.0 8.1 11.0 13.1 4.5 3.2 6.8 Change (b - a )................................ 8.6 4.2 2.6 8.9 9.1 3.6 N ote : Q = quantity; P = price; Y = sectoral output; / = total inputs; K= capital input; L = labor input; E = energy input; 36 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Business Services M = materials input; S = purchased business services input, Only labor input is based on one category of source data. It is measured in hours paid for, where hours of all employees are considered homogeneous. Hours of employees devoted solely to construction of new facilities are ex cluded. This is consistent with the definition of output as utility services provided to other sec tors. Labor hours devoted to construction of facilities are an input to the construction in dustry. The facilities themselves are capital goods and are inputs to the utilities services in dustry. Results Measures of growth in multifactor productiv ity and in single-factor productivities for the utility services industries appear in table 1. Growth rates in quantities and prices of output and each of the five major inputs are also dis played. The growth rates are presented for 1948 to 1988, as well as for the pre-1973 and post-1973 periods, which, by convention, are compared in studies of the productivity slow down. Multifactor productivity in utility services industries grew at an average rate of 2.4 per cent per year from 1948 to 1988, compared with 1.2 percent per year in the whole nonfarm business sector. The average rate spans periods of quite different performances in productivity by the utilities. A rate of growth of 3.6 percent per year during the 1948-73 period was fol lowed by a 0.4-percent annual growth rate from 1973 to 1988. This slowdown of 3.2 per cent per year reflects a dropoff of 6.2 percent per year in the growth rate of output, accom panied by a 2.9-percent decline in the annual rate of input growth. (See chart 1.) The first absolute declines in utility services output in the postwar era occurred in 1974 and 1982. These years also witnessed falling output for the nonfarm business sector. The slower growth of utility services output after 1973 coincided with average increases in the price of utility services of 9.2 percent per year. Total input growth is a weighted sum of changes in the quantities of individual inputs, with the weights being the shares in total in come of each input. Table 1 shows rates of growth in the quantities of individual inputs, and table 2 shows the average share in income of each. In the post-1973 period, the only input whose quantity decreased was materials, while energy input grew very slowly. (See chart 2.) The use of purchased business services in creased, but contributed little to growth in to tal input, due to business services’ modest share in income. Capital input, with a 38-per- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 2. Average factor shares In income in utility services industries, 1948-88 Materials Business services Total Input Capital 1948-88........................... 1948-73 (a ).............. 1973-88 (b).............. 1.00 1.00 1.00 0.45 .49 .38 0.18 .21 .15 0.14 .10 .21 0.15 .12 .18 0.08 .08 .08 Change (b - a ) ............... .00 -.11 -.0 6 .11 .06 .00 Period Labor Energy cent average cost share from 1973 to 1988, grew faster than output and accounted for two-thirds of total input growth after 1973. La bor input growth also added to growth in ag gregate input. Comparisons of changes in output relative to those in each input are expressed as single factor productivity statistics in table 1. Al though these statistics relate changes in output to changes in individual types of input, they do not measure the specific contribution of any single factor of production. Rather, they re flect the joint effects of many influences, in cluding changes in technology, in levels of out put, and in the organization of production. Capital productivity growth slowed 4.2 per cent per year from the pre-1973 period to the post-1973 period. While output growth fell by Table 3. Percent of capacity u tiliza tio n , u tilitie s, 1 9 6 7 -8 8 Percent Year 1967................................................. 1968................................................. 1969................................................. 93.4 94.1 95.8 1970................................................. 1971................................................. 1972................................................. 1973................................................. 1974................................................. 95.4 93.9 94.6 92.9 86.8 1975................................................. 1976................................................. 1977................................................. 1978................................................. 1979................................................. 83.9 84.8 84.6 84.8 85.9 1980................................................. 1981................................................. 1982................................................. 1983................................................. 1984................................................. 85.5 82.8 79.5 80.3 82.5 1985................................................. 1986................................................. 1987................................................. 1988................................................. 83.5 80.2 82.5 84.2 1967-73 average......................................... 1973-88 average......................................... 94.1 85.8 Monthly Labor Review May 1993 37 Multifactor Productivity in Utility Services Chart 1. Output, total input, and multifactor productivity in utility services industries, 1948-88 1948 1953 1958 1963 1968 1973 1978 1983 1988 Chart 2. Growth in input quantities before and after 1973 Compound annual growth rate Compound annual growth rate 8 8 1948-73 1973-88 -2 ------------1--------------------- 1--------------------- 1--------------------- 1______________ I______________ l Capital Labor Energy Materials Services All inputs 38 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.2 percent annually, capital input growth fell by only 1.9 percent per year. This difference may be explained by the nature of capital in vestment in the public utilities industry. Capi tal stock is extremely inflexible for utilities. In vestment in electricity-generating plants, gas pipelines, and sewer lines must begin years ahead of desired completion. Once built, these structures may last for several decades. When demand falls short of expectations, capital in put is adjusted in the short run by decreasing the use of existing capital, rather than by re ducing the level of capital stock or expendi tures on future capital. For example, slow eco nomic growth from 1973 to 1975 and from 1979 to 1983, combined with high electricity and gas prices, resulted in depressed demand for utility output after 1973. Meanwhile, in vestment initiated years earlier under condi tions of growing demand came to fruition and expanded capacity. These two effects together resulted in excess capacity, as illustrated in table 3 (page 37).12 Excess capacity has important implications for the interpretation of the slowdown in capi tal productivity after 1973. When capacity is underutilized, the capital services input meas ure may overstate capital input.13 Output per unit of capital would, in turn, be understated. If the capital input measure does not fully capture changing capacity utilization, then growth in capital services input declined more than 1.9 percent per year after 1973, and the post-1973 slowdown in capital productivity is exagger ated. Labor productivity growth in utility services showed an even more pronounced drop than did multifactor productivity, from an increase of 6.2 percent per year before 1973 to a decline of 0.2 percent per year for the 1973-88 period, or a drop of 6.4 percent per year between the two periods. Changes in output per hour were similar to those in output, because the use of labor accelerated slightly after 1973, while the consumption of all other inputs slowed. How ever, it is important to remember that this dropoff in output per hour is indicative of sub stitution effects among all inputs, as well as other effects, and therefore does not attribute poor productivity performance solely to labor. A relationship between measures of labor productivity and multifactor productivity can be derived from the formula (1) used to com pute multifactor productivity growth.14 Changes in labor productivity may be ex pressed as the combination of multifactor pro ductivity growth and changes in the ratio of each nonlabor input to labor. In table 4, the post-1973 slowdown in labor productivity https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 4. Portions of labor productivity growth attributable to multifac tor productivity growth and shifts in factor intensity, 1948-88 (Percent changes at compound annual rates) Period 1948-88 Output per hour 3.8 Contributions from— Multifactor Productivity 2.4 QKIL OEJL QM/L QS/L 0.9 0.2 0.0 0.2 1948-73 (a ).............. 1973-88 (b).............. 6.2 -.2 3.6 .4 1.4 .3 .5 - .4 .3 -.5 .4 .0 Change ( b - a ) ................ -6 .4 -3 .2 -1.1 -.9 -.8 - .4 Note: Q = quantity; K = capital input; L = labor input; E = energy Input; M = materials Input; S = purchased business services input. growth is explained in terms of multifactor productivity growth and contributions of fac tor intensities.15During the 1948-73 period, all of the nonlabor inputs grew relative to labor and thus enhanced labor productivity growth. However, multifactor productivity growth of 3.6 percent per year outweighed all of these factor intensity effects (2.6 percent per year combined). By the same token, half of the dropoff of 6.4 percent per year in output per hour growth after 1973 is attributed to the slowdown in multifactor productivity. The falling rate of growth in the capital-to-labor ra tio was associated with 1.1 percent per year of the decrease in output per hour growth. And declines in the ratios of both energy and mate rials to labor contributed another quarter of the slowdown in labor productivity growth. Table 1 shows that energy productivity growth accelerated 0.2 percent per year after 1973, while all other single-factor productivity growth rates decreased. (See chart 3.) This may have been due to the rapid increase in the price of fossil fuels, which provided an incen tive to economize in their use. From 1973 to 1988, the price of energy inputs increased 11.0 percent per year, and the consumption of ener gy inputs by utilities slowed more after 1973 than that of any other input. (See chart 2.) The cost share of energy input doubled, despite the slowdown in energy consumption of 6.3 per cent per year after 1973. Growth in output per unit of materials input fell from 3.6 percent per year for the 1948-73 period to 1.9 percent per year during 1973-88, but this figure was still the highest productivity growth rate of any input in the post-1973 peri od. Materials prices increased 13.1 percent an nually after 1973, due primarily to the price of natural gas, which accounts for two-thirds of materials input purchases. (See chart 4.) The large increase in materials prices led to a rise in the cost share of materials, from 12 percent Monthly Labor Review May 1993 39 Multifactor Productivity in Utility Services Chart 3. Growth in single-factor productivities and multifactor productivity before and after 1973 Compound annual Compound annual growth rate growth rate 8 8 1948-73 mm mÈ 1973-88 H 6 m -2 O utput per Output per Output per Output per O utput per Multifactor unit of capital unit of labor unit of energy unit of materials unit of services productivity Chart 4. Growth in input prices before and after 1973 Compound annual Compound annual growth rate growth rate 14 14 Capital Labor 40 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Energy Materials Services All inputs during 1948-73 to 18 percent for the 1973-88 period, even though the annual growth rate of materials use fell 4.4 percent after 1973, to -0.3 percent per year. Of all single-factor inputs, business services showed the least improvement in productivity over the study period, 0.6 percent per year. Average increases of 0.9 percent annually from 1948 to 1973 were not sustained after 1973, when the growth rate fell to an average of 0.1 percent per year. (See chart 3.) Because the share of services in total factor cost was only 8 percent, this backslide did not contrib ute significantly to the slowdown in multifac tor productivity. Summary and conclusions The BLS project presented in this article devel oped indexes of total output and five major in puts for utility services industries, which are used to compute an index of multifactor pro ductivity. The annual rate of change in the multifactor productivity index for the 1948-88 period was 2.4 percent per year. Results for the periods before and after 1973 are also reported and reveal a multifactor productivity slow down of 3.2 percent per year. Single-factor productivity statistics show large slowdowns in both labor and capital productivity for pub lic utilities. Energy productivity grew an aver age 1.3 percent per year throughout the 1948-88 period and was unique in its improve ment from the pre-1973 to the post-1973 peri od. Although materials productivity growth slowed after 1973, at 1.9 percent per year it ex ceeded all other single-factor productivities during the post-1973 period. Rates of growth in the quantities and prices of inputs and output are presented and provide insight into the continued growth in energy and materials productivity. Energy consump tion grew 6.5 percent per year, on average, from 1948 to 1973 and then leveled off. Materi als input use increased 4.1 percent annually during the same period, but declined 0.3 per cent per year thereafter. Meanwhile, consump tion of all other inputs continued to grow in the post-1973 period, which suggests that other in puts were substituted for energy and materials after 1973. This is not surprising, given the growth in the prices of those two inputs: 11.0 percent per year for energy and 13.1 percent per year for materials during 1973-88. Analysis of the two components of materials input revealed that output per unit of nongas materials fell off dramatically after 1973, while productivity of natural gas used as a material https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis input improved.16 Natural gas accounts for about two-thirds of materials expense, so in creasing fossil fuel prices after 1973 may have had a positive impact on the efficiency with which natural gas is transported, similar to the improvement in energy productivity, repre senting fossil fuels that are burned. Capital is found to account for a much larg er share in total factor income than any other input, so that changes in capital input have a bigger impact on multifactor productivity than do proportionate changes in the other in puts. Therefore, the modest 2.4-percent rate of growth in capital input from 1973 to 1988 was a major cause of the productivity slowdown, compared with the 1.6-percent growth achieved in output. The precipitous fall in labor productivity growth of 6.4 percent per year from the pre-1973 period to the post-1973 period can be mathematically attributed to changes in other factors with respect to labor and to changes in multifactor productivity. The slowdown in output per hour coincided with slower growth in the capital-to-labor ratio and with absolute declines in the intensity of energy and materi als inputs relative to labor. Half of the labor productivity slowdown is associated with de clining multifactor productivity growth. The measure of multifactor productivity presented in this article describes the relation ship between real output and five major inputs involved in its production. Changes in this re lationship, and thus in multifactor productiv ity, reflect the joint effects of many influences, including new technology, economies of scale, and changes in the efforts and characteristics of the work force. These effects are not meas ured separately here, but previous studies sug gest that economies of scale are responsible for some of the increases in multifactor productiv ity in the electric utility industry. Laurits Christensen and William Greene analyzed firm-level data for private electric uti lities for the years 1955 and 1970.17Focusing only on generation of electricity, they found that “in 1955 there were significant scale econ omies available to nearly all firms. By 1970, however, a large share of total electric power was generated by firms which had exhausted scale economies.”18 Frank Gollop and Mark Roberts examined all operations of a subset of these same private electric utilities for the peri od 1958 to 1975 and concluded that there were scale economies available throughout their sample.19They pointed out that this is not in consistent with the findings of Christensen and Greene, because, “while economies in generaMonthly Labor Review May 1993 41 Multifactor Productivity in Utility Services tion may well be exhausted at a relatively small scale of operation, engineering considerations suggest that significant economies persist in both transmission and distribution.”20 It is likely that scale economies are also asso ciated with the transmission and distribution of natural gas. The fact that the price of natural gas for industrial use is much less than that for commercial or residential use implies that dis tribution costs decrease as consumption per customer increases. Historically, quantities of gas used by customers within each consumer category have increased, reducing distribution costs for the same reasons that industrial serv ice costs less than residential service at a given point in time. Serving growing numbers of cus tomers may also provide opportunities to ex ploit scale economies. Economies of scale have probably been real ized by the utility services industries during part or all of the 1948-88 period. However, the framework within which multifactor produc tivity is measured in this article assumes con stant returns to scale. Because of this assump tion, multifactor productivity measures reflect scale effects, along with other sources of pro ductivity growth. If, as some empirical evi dence suggests, multifactor productivity bene fited more from scale economies in the pre-1973 period than in the post-1973 period, this would explain part of the slowdown in its rate of growth.21 □ Footnotes 1 The utility services industries are classified in Standard Industrial Classification (sic) major industry group 49 and are engaged in the generation, transmission, and distri bution of electricity; transmission and distribution (but not production) of natural gas; distribution of water; and col lection and disposal of waste. Government-owned utilities are excluded from the new measure to maintain consisten cy with the BLS measure of multifactor productivity for the private business sector. See Executive Office of the Presi dent, Office of Management and Budget, S t a n d a r d I n d u s tr ia l C la s s ific a tio n M a n u a l (Washington, U.S. Govern ment Printing Office, 1987), p. 237. 2 Indexes of output per hour and related measures for gas and electric utilities (SIC’s 491, 492, and 493) appear in P r o d u c tiv ity M e a s u r e s f o r S e le c te d I n d u s tr ie s a n d G o v e r n m e n t S e r v ic e s, Bulletin 2406 (Bureau of Labor Statistics, April 1992). 3 This figure is the change in the rate of growth in output per hour worked from the 1948-73 period (2.5 percent per year) to the 1973-88 period (0.8 percent per year). 4 A n n u a l E n e r g y R e v ie w , 1 9 9 0 (Department of Energy, May 1991), Table 4, pp. 11-12. Data reflect the entire elec tric utility industry. 5A BLS m e a su re o f m u ltifa c to r p ro d u c tiv ity in th e r a il ro a d tra n s p o rta tio n in d u s try , a lso in th e services sec to r, a p p e a rs in P r o d u c tiv ity M e a s u r e s f o r S e le c te d I n d u s tr ie s a n d G o v e r n m e n t S e r v ic e s. 6 This definition of outputs and inputs in terms of trans actions outside the sector will ultimately allow compari sons of productivity measures for different levels of aggre gation, using a method proposed in E. D. Domar, “On the Measurement of Technical Change,” E c o n o m ic J o u r n a l, Vol. LXXI (December 1961), pp. 709-29. The definitions are consistent with the study of multifactor productivity in two-digit SIC manufacturing industries by William Gullickson and Michael Harper, “Multifactor productivity in U.S. manufacturing, 1949-83,” M o n th ly L a b o r R e v ie w , October 1987, pp. 18-28. 7 This is the way construction is handled by the Bureau of Economic Analysis of the Department of Commerce in its input-output analysis. 8A Tornqvist index is a discrete approximation to a Divisia index. W. E. Diewert has demonstrated (’’Exact and Superlative Index Numbers,” J o u r n a l o f E c o n o m e tr ic s , Vol. 4, No. 4, 1976, pp. 115-45) that the Tornqvist index is a “superlative index number formula,” which means that it gives an accurate aggregate under fairly general condi tions. According to Diewert, the Tornqvist index is “ex 42 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis act” for a translogarithmic production function. In that case, sectoral output (Y) is produced at time t using inputs of capital (K ), labor (L), energy (E ), materials (M), and purchased business services (£); that is, Y = f ( K , L , E , M ,S , t ) . For further discussion of the multifactor productivity model, see T r e n d s in M u ltif a c to r P r o d u c tiv ity , 1 9 4 8 - 8 1 , Bulletin 2178 (Bureau of Labor Statistics, September 1983), pp. 33-34. 9 The multifactor productivity index may also be com puted as the ratio of the index of sectoral output to the in dex of aggregate input, or Y / I . 10 The use of Tornqvist aggregation of outputs is consist ent with a model of joint production in which “representa tive firms” choose how much of each output to produce based on maximization of profit, given exogenous output prices and a “transformation function.” The properties of transformation functions are analyzed in W.E. Diewert, “Functional Forms for Profit and Transformation Func tions,” J o u r n a l o f E c o n o m ic T h e o r y , 1973, Vol. 6, pp. 284-316. 11 Output of water companies and companies offering other sanitary services is based on receipts data, which do not involve Tornqvist aggregation. 12 See Federal Reserve System, Division of Research and Statistics, C a p a c ity U tiliz a tio n , M a n u fa c tu r in g , M in in g , a n d U tilitie s a n d I n d u s tr i a l M a te r ia ls , J a n u a r y 1 9 6 7 -D e (Washington, Board of Governors of the Fed eral Reserve System, July 1985); and I n d u s tr i a l P r o d u c tio n a n d C a p a c ity U tiliz a tio n (Washington, Board of Gover nors of the Federal Reserve System, monthly press re leases, June 1985-May 1989). 13 The capital input measure used here is a weighted ag gregate of capital assets, where the weights are implicit rental prices of these assets. In the traditional framework for the measurement of multifactor productivity, capital inputs are assumed to be fully utilized, allowing capital stocks to be used as proxies for the flow of capital services. When the assumption of full capacity utilization does not hold, capital stock may no longer be a valid proxy for capi tal services. Two studies addressing this issue are Ernst Berndt and Melvyn Fuss, “Productivity Measurement with Adjustments for Variations in Capacity Utilization and Other Forms of Temporary Equilibrium,” and Charles Hulten, “Productivity Change, Capacity Utiliza tion, and the Sources of Efficiency Growth,” both of which cem ber 1 984 appeared in the J o u r n a l o f E c o n o m e tric s , Vol. 33, Oct.-Nov. 1986. These analyses show that variations in ca pacity utilization are captured in multifactor productivity measures through the use of an ex post rental price in the weight on capital input. The ex post rental price of capital would decrease when capacity was underutilized, and, compared with the traditional measure, multifactor pro ductivity growth would be increased. Since the Bureau uses an ex post procedure in computing the rental price of capital, the effect of variations in capacity utilization on the capital or multifactor productivity measures may, to some extent, already have been captured. For further discussion, see Susan Powers, C y c lic a l M o v e m e n ts in b l s M u ltifa c to r P r o d u c tiv ity M e a s u r e s a n d C a p a c ity U tiliz a tio n , Working Paper 198 (Bureau of Labor Statistics, August 1989). 14 Starting with Ain A = A In Y - vv^Aln K - w^A InL - vv^Aln E - w^Aln M- w^Aln S, to both sides we add Ain Y , subtract Ain A, and multiply by -1 to obtain Ain 7 = A In A + vv^Aln K + w^Aln L + W£ Ain E + w^/Aln M + vvyAln S. Subtracting Ain L(in the form ( w r + w l + w e + w m + u>s) Ain L , with ( w r + W [ + w e + w m + uis) equal to 1 on the right side) yields A l n 7 - A l n L = Al n A + w%Ain K + w^Aln L + w^Aln E + + w^A In S - (w% + Ain M + W£ + w/^ + wj) A In L, or Ain 7 - A InL = A In A + w^(Aln K - Ain L) + w£ (Aln E - Ain L) + wM(Aln A/ - A In L) + ws (A In 5 - A In L), APPENDIX: Data sources and methods F ollow ing are discussions of th e data and m ethods used to develop indexes o f each major input and each type of output. In som e instances, data for m ore than one three-digit industry must be pro cessed together, and th e m ethodology is presented join tly.1 F or exam ple, the best available data on electricity sales include sales of electricity by com bi nation electric and gas com panies. Sim ilarly, sales o f gas by com bination utilities are included in the data on gas sales. Thus, measures developed sepa rately for electric utilities and gas utilities, when sum m ed, encom pass s i c industries 491 through 493. In general, n o problem is presented by source data th at overlap three-digit industries, because such data are aggregated to the tw o-digit level. Output measures In 1988, th e value of sectoral output for privately ow ned utilities w as approxim ately $200 billion. Seventy percent ($140 billion) was accounted for by electricity services, 20 percent ($40 billion) by gas services, and 10 percent ($20 billion) by all other utility services com bined. E lectric services. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis where the left side is equivalent to labor productivity growth and the terms on the right side represent multifac tor productivity growth and changes in the ratios of each nonlabor factor to labor multiplied by that factor’s average share in income. 15 The contributon of a factor’s intensity to growth in output per hour is defined as the factor’s cost share times the growth rate of the ratio of the factor’s quantity to labor hours. This is not a causal explanation of growth in output per hour, as noted by Michael Harper and William Gullickson in “Cost Function Models and Accounting for Growth in U.S. Manufacturing, 1949-86,” presented at the National Bureau of Economic Research Summer Institute, July 24-28, 1989. 16 The rate of growth in productivity of natural gas used as a material increased from 2.0 percent per year in the 1948-73 period to 4.8 percent per year during 1973-88. Productivity growth of other materials fell from 5.0 per cent per year prior to 1973 to -3.0 percent per year in the post-1973 period. 17Laurits Christensen and William Greene, “Economies of Scale in U.S. Electric Power Generation,” J o u r n a l o f P o litic a l E c o n o m y , Vol. 84 (August 1976), pp. 655-76. 18Christensen and Greene, “Economies of Scale,” p. 656. 19 Frank Gollop and Mark Roberts, “The Sources of Economic Growth in the U.S. Electric Power Industry,” in Thomas Cowing and Rodney Stevenson, eds., P r o d u c tiv ity M e a s u r e m e n t in R e g u la te d I n d u s tr ie s (New York, Aca demic Press, 1981), pp. 107-43. 20Gollop and Roberts, “Sources of Economic Growth,” p. 127 (footnote 23). 21 Gollop and Roberts, ib id ., p. 140, estimated that, for selected electric utilities, the average annual change in pro ductivity growth due to scale economies was 1.8 percent from 1958 to 1973 and -0.1 percent during the 1973-75 period. E lectricity output is measured in kilow atthours. Because the utilities are engaged in distribution as well as generation of electricity, out put is based on kilow atthours sold to ultim ate co n sum ers, not kilow atthours generated. A lth ou gh electricity would seem to be h om ogeneous, consider ation of the distributive service reveals differences in th e product provided to various types of custom ers. In m any cases, industrial cu stom ers receive larger am ounts o f electricity at higher voltage, and there fore low er unit cost, than do residential custom ers; th e unit cost of distribution is inversely related to the quantity supplied. For this reason, m ost electric u ti lities em ploy a rate structure distinguishing several classes of service. In the aggregation of electric serv ices output, kilow atthours sold to each class o f serv ice are weighted by the price of th at service, in order to value the several types of output according to their relative unit costs. T he cost of generating electricity at a given plant varies w ith the tim e of day and season of the year. It is generally higher during a peak load period, pri m arily because equipm ent th at is less efficient due to age or because it requires a m ore expensive type of fuel m ay be called into service. Industrial custom ers are som etim es able to pay low er rates by scheduling work to take advantage of offpeak prices, but resi- Monthly Labor Review May 1993 43 Multifactor Productivity in Utility Services dential custom ers are n ot generally offered this op tion and, in any event, cannot schedule consum p tion to take advantage o f such discounts. This source of disparity between the average prices paid by residential and industrial custom ers is also re flected in the output series, via sm aller price w eights applied to industrial consum ption. Sim ilarly, low er rates resulting from long-term contracts are cap tured in th e output m easure.2 The price-weighted electric services output m eas ure reflects variable distribution costs, as well as rate differences am ong classes o f service th at are related to the cost of generation of electricity. T he measure prevents bias in productivity m easures due to changes in the distribution of sales am ong classes of service. F or exam ple, if output were defined as un weighted kilow atthour sales, productivity gains w ould be inferred incorrectly if consum ption shifted tow ard th e low -cost industrial service.3 The developm ent o f output is m ade possible by excellent source data. The Energy Inform ation A d m inistration of the D epartm ent o f E nergy publishes electricity sales and revenues by class o f service for “selected investor-ow ned electric u tilities.”4 T hese data cover practically all of the privately owned electric utility industry, w ith w hich w e are co n cerned. C ooperatively ow ned electricity production is reported by the D epartm ent o f A griculture’s R u ral E lectrification A dm inistration and is used to supplem ent the D epartm ent of Energy data.5 Purchases o f electricity by Federal and m unicipal electric utilities from private electric utilities should be included in output. H ow ever, these transactions are excluded therefrom in this study, along w ith sales betw een private electric utilities, because sales for resale are reported in total by the D epartm ent of Energy. R elated published data indicate th at in 1985, these sales were at m ost 6.4 m illion m egaw atthours of the 337.1 m illion m egaw atthours sold for resale by private utilities. Gas p roduction a n d distribution. B y definition, gas utility services include the transm ission, stor age, and distribution o f all gas, as well as the pro duction o f manufactured, m ixed, and liquefied pe troleum gas.6 A s a statistical matter, gas services output is approxim ated by gas sales to ultim ate c o n sum ers. N atural gas sales currently account for 99 percent o f all gas sales to final consum ers and are therefore virtually equal to output. D uring 1947, th e figure was 87 percent, w ith m anufactured gas accounting for 8 percent and m ixed gas for 5 percent of sales. H ow ever, by 1955, m anufactured gas pro duction was less than 1 percent of output, and the share of natural gas had clim bed to 95 percent. The rem ainder was m ixed gas, production o f w hich plum m eted shortly thereafter. Liquefied petroleum gas has never been im portant statistically in aggre gate industry data. It is th e distributive aspect o f gas service that gives rise to the large differences in rates facing vari ous categories of custom ers; gas utilities have not produced substantial am ounts o f gas for decades. 44 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A s in th e case o f electric utility service, th e quantity of sales in each category is w eighted by its revenues, yielding an index o f output that recognizes the dif ferent costs o f distribution. Sales and revenue data for residential, com m ercial, industrial, and other custom ers for the period 1947-89 are available through th e A m erican G as A ssociation .7 Because the gas output series is but a constituent o f a sectoral output series for all utility services, sales o f gas to electric utilities m ust be rem oved from output. Sales o f gas for the generation of elec tricity, together w ith corresponding revenues, are included in th e “industrial” and “oth er” categories o f the A m erican G as A ssociation data. T h ey are also reported separately and so m ay be deducted from these categories of sales and revenues prior to aggregation o f output. A n alogou sly to the case of electricity output, purchases o f gas by publicly ow ned electric utilities should be included in ou t put, but are rem oved along w ith th e m uch larger am ounts o f gas sold to privately ow ned electric u tili ties. G as sold by m unicipally ow ned gas com panies is included in the source data and m ust also be re m oved from output to be consistent w ith the restric tion o f this m easure to privately ow ned utilities. D ata on recent sales and revenues are reported by type o f ow nership in Gas Facts, and additional data are available from the A m erican G as A ssociation. D ata on m unicipal gas sales have been provided for 1974 through 1989 and corresponding revenues from 1980 forw ard. Prior to 1974, m unicipal gas sales could be derived by deducting sales by private gas com panies from sales by all gas com panies. M oreover, th e details by class o f cu stom er during 1974-84 revealed that the distribution o f total m u n icipal gas sales am ong the four service classes was nearly constant over the period. The total m unicipal sales in each year from 1948 to 1973 were distrib uted on the basis of the average percent distribution from 1974 to 1984. Finally, sales by class of service were m ultiplied by the average price of all gas sales by class, and both sales and revenues of th e m unici pal gas com panies were subtracted from output. Ideally, electricity and gas sales to privately ow ned com panies dealing in water and sanitary ser vices w ould be excluded from th e output m easure. D ata for private com panies are n ot reported sepa rately from sales to publicly ow ned firm s, w hich ac cou n t for a large m ajority of such transactions.8 E lectricity and gas consum ed by private water and sanitary services com panies is n ot d educted, but the overstatem ent o f output is insignificant. F or exam ple, th e to ta l water and sanitary services industry consum ption of electricity and gas o f $12.7 m illion in 1972 was just 0.03 percent o f the $37,446 billion in sectoral output o f the private utilities services in dustry.9 W a te r su p p ly a n d sa n ita ry services. T he Internal R evenue Service publishes estim ated business re ceipts by corporations for w ater, sanitary services, steam , and irrigation services (s ic industries 494 th rough 4 9 7 ).10 A ctually, data for 1947 through 1957 cover w ater services only, but all of the p reced ing are reflected in data from 1958 to 1988. T he data are based on in com e tax returns of a sam ple o f cor porations th at changes from year to year. Similar treatm ent is given to returns by partnerships and sole proprietors, but th e results are n ot reported separately for water and sanitary services. These current-dollar receipts data are deflated using the im plicit price deflator for private consum ption of water and sanitary services developed by th e Bu reau o f E con om ic A n alysis.11 The constant-dollar revenue series is then indexed and used to com plete the aggregation o f total utility services output. The Internal R evenue Service data do n ot perm it sub traction o f intraindustry consum ption of water and other sanitary services. H ow ever, in 1972, electric and gas utilities purchased less than 1 percent o f wa ter and other sanitary services output.12 Input measures C apital in p u t. Capital input is defined as th e flow of services from the capital stock and is assum ed to be proportional to that stock. U tility industry capi tal stock includes equipm ent, structures, and land. D ata on investm ent in these capital assets are pub lished by th e Bureau o f E conom ic A nalysis for sev eral tw o-digit s i c industries, including s ic 4 9 .13 The Bureau o f Labor Statistics has developed capital stock measures for the depreciable assets (equip m ent and structures) o f these industries by applying th e perpetual inventory m ethod to the Bureau of E conom ic A nalysis investm ent data. This m ethod involves th e assum ption that the efficiency o f assets deteriorates w ith age. In particular, it is assum ed that efficiency declines slow ly in the early years of an asset’s life and m ore rapidly later on. Inventories are based on estim ates from the Bureau o f E con om ic A nalysis. Land is estim ated as described in an u n published b l s m anuscript.14 Source data for 17 distinct types o f capital assets contribute to th e capital stock measure for s ic 49. Stocks of the several assets are com bined using w eights derived from estim ates of im plicit rental p rices—th e prices th at the various types of capital w ould bring on a hypothetical rental m arket. T hese rental price estim ates are calculated as th e rate of return on the assets, plus the rate o f depreciation, m inus capital gains, all in nom inal term s. Tornqvist aggregation over th e individual assets yields a quan tity index and price series for real capital input that m ay be used in th e m ultifactor fram ew ork .15 L a b o r in p u t. T he unit of m easure o f labor input is the paid hour. In this study, no attem pt is m ade to adjust for changes in labor com position. The scope o f labor input is lim ited to operations and m ainte nance workers, w ith the intention o f excluding any labor devoted to new construction. T his is con sist ent w ith th e definition o f output as sales by utilities, rather than a broader concep t that includes struc tures com pleted or in progress. Studies o f m ultifac tor productivity grow th are thereby confined to the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis prim ary function of utilities, nam ely, the provision o f electric, gas, water, or other services. T his is a sig nificant m atter in the electric utility industry, be cause a quarter of its em ployees are construction workers. Thus, a desirable characteristic for source data for labor input is that such data distinguish these workers from the rest. Sources of em ploym ent data for electric utilities are the statistical yearbooks of E dison E lectric In stitute and the R ural Electrification A dm inistra tion .16 The Edison Electric yearbook breaks out em ploym ent data into operations, m aintenance, and construction workers and covers 98 percent of pri vate industry. E dison Electric em ploym ent data ex tend back to 1951, and percent changes in em ploy m ent in s i c 491, available from the b l s establish m ent survey, were used to m ove the Edison E lectric series from 1951 back to 1 9 47.17 The R ural E lectri fication A dm inistration reports only full-tim e em ploym ent, and this series is added directly to the Edison Electric series. Thus, it is assum ed that no full-tim e construction w orkers are em ployed by R u ral E lectrification A dm inistration borrowers. The source data for em ploym ent in the gas utility industry are n ot well suited to distinguishing co n struction workers. E m ploym ent at private gas u tili ties is reported in Gas F acts, beginning in 1972. C onstruction workers are included in th e total, but are n ot reported separately. It was possible to ex tend this series back to 1947 using em ploym ent in the total gas industry, w h ich is reported for the en tire study period by the A m erican G as A ssociation. T his left th e matter of estim ating and subtracting out construction labor. The A m erican G as A sso ci ation reports payroll data broken out into opera tions, construction, and m iscellaneous categories, starting w ith 1971 for the investor-ow ned part of the industry and w ith 1947 at the total industry lev e l.18 B y assum ing that w ages of gas utility construc tion workers are com petitive w ith those of th e co n tract construction workers in s i c 162, w hich in cludes the building of gas pipelines, an estim ate of em ploym ent in the private gas utility construction industry was derived back to 1972, th e first year for w hich average w eekly earnings for s ic 162 are re ported by the Bureau o f Labor Statistics in E m p lo y m e n t, H ours, a n d E arnings. Subtraction of this se ries from the total em ploym ent series yield s esti mated nonconstruction em ploym ent for 1972-89. A n alternative estim ate of nonconstruction em ploy m ent was then calculated under th e assum ption that construction workers in gas utilities earn th e aver age wage for the gas utilities industry. In this m an ner, total em ploym ent could be distributed betw een the construction and nonconstruction parts of the industry in the sam e proportion as payroll in the in dustry is distributed. The m ethod produced a series th at m oves in the sam e direction as the first esti mated nonconstruction em ploym ent series in every year. W e used m ovem ents in the latter series to com plete the m easure of nonconstruction em ploy m ent in investor-ow ned gas utilities because that se ries covers a longer period than the other d oes.19 E m ploym ent in the other utility services, encom - Monthly Labor Review May 1993 45 Multifactor Productivity in Utility Services passing s ic industries 494 through 497, was found as the residual of em ploym ent in s ic 49 less em ploy m ent in s i c industries 491 through 493. A ll o f the required data appear in E m p lo y m e n t, H o u rs, a n d E arnings, except for em ploym ent in s ic 492 and s ic 493 during 1947-49.20 Stable em ploym ent trends during th e early 1950’s were utilized to estim ate em p loym ent figures for the years 1947-49.21 In the ab sence o f evidence of construction labor in s i c ’s 494 through 497, it has been assum ed that there is none there. E m ploym ent in s ic industries 494 through 497 is very sm all relative to that in electric and gas utilities (about 10 percent, on average, o f the total for s ic 49), so that a fairly stable proportion o f em ployees devoted to construction would n ot signifi can tly affect the tw o-digit labor input trend. E m ploym ent m ust be m ultiplied by average w eekly hours and 52 weeks per year to find hours, the unit of m easure o f labor input. E m p lo y m e n t, H o u rs, a n d E a rn in g s also contains the data on aver age w eekly hours used in this article.22 A verage w eekly hours of nonsupervisory workers are re ported by three-digit s ic industry, w ith data begin ning in 1947 for s ic 491 and in 1950 for s ic 492 and s ic 493. These three industries com bined cover all the private electric and gas utilities. Because the em ploym ent data fo r electric and gas utilities were de veloped separately, and because s ic 492 includes both electric and gas utilities, average w eekly hours could n ot be applied at the three-digit level. There fore, an average w eekly hours series for s ic indus tries 491 through 493 com bined was derived. A verage w eekly hours for s ic 491 through s ic 493 com bined were found by first m ultiplying aver age w eekly hours by em ploym ent in each industry, where these data refer to nonsupervisory workers. T hen th e results were sum m ed over the three indus tries. T he sum was subsequently divided by the sum of nonsupervisory em ploym ent to get an average w eekly hours figure for electric and gas utilities to gether. It was n ecessary to assum e that average w eekly hours in s ic 492 and s ic 493 were the sam e in 1947-49 as th ey were in 1950. H ours in electric and gas utilities are, then, the product of their sum m ed em ploym ent, this com bined average week ly hours series, and 52 w eeks per year. H ours for the rem aining industries in s i c 49 were found as the residual of total em ployee hours in s ic 49 less total em ployee hours in s ic 491 through s ic 493. It was necessary to estim ate average w eekly hours in s ic 49 for the 1947-57 period using fore casting m ethods and data at th e three-digit level.23 The hours series thus obtained for s ic 494 through s ic 497 is based entirely on published data. U npub lished b l s data also perm it direct calculation of hours for s i c industries 494 through 497 back to 1972. D ifferences betw een th e tw o alternative series since 1972 are very sm all. Since the series estim ated using published data would have to be used for years prior to 1972 in an y case, it is used for the en tire 1947-89 period. T his series was then added to the n onconstruction worker hours series fo r s i c 491 through s ic 493 to com plete the labor input series. W eights for the labor input series are based on 46 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis current-dollar paym ents to labor. The Bureau of E conom ic A nalysis provides labor com pensation data by tw o-digit industry wherein both w ages and supplem ents to w ages contribute to total com pensa tion .24 T otal labor com pensation is appropriate for use in th e m ultifactor productivity fram ew ork, to account for all costs o f production. A fter the labor input series is indexed, com pensation in current dol lars is divided by th e index to get the corresponding series of prices. E n erg y in p u t. Electric utilities accounted for 85 percent o f expenditures on energy input by s i c in dustry group 49 in 1960, 90 percent in 1970, and 92 percent in 1980. Energy input to electric utilities consists prim arily o f fossil fuels burned to drive electricity-generating plants. E lectric utilities also produce electricity from water and wind and from solar and geotherm al power. A ccordingly, these are energy inputs, too. On the other hand, electricity is produced using nuclear fuel, yet nuclear fuel is in cluded in capital input. The reason is that the long useful life of this energy source, about 5 years, sug gests treating it as a depreciable capital asset. The fossil fuels used to generate electricity are coal, oil, and gas. The treatm ent of coal and oil in put is straightforward: the quantities consum ed and prices paid for these tw o fuels by the electric utilities are incorporated into aggregate energy input. T ech nically, gas purchases by electric utilities from gas pipeline com panies and gas distributors are ex cluded from energy input because these are intraindustry transactions. H ow ever, these am ounts o f gas are properly included in energy input as interindus try sales from s ic 13 to s i c 49. Therefore, th e quan tity of gas consum ed by electric utilities is included in energy input, but valued at the price paid to the gas producers in s ic industry 13. The E nergy Inform ation A dm inistration of the D epartm ent of Energy is able to provide data on quantities of coal, oil, and natural gas consum ed by privately ow ned electric utilities from 1970 on .25 These three series were extended back to 1947, based on closely related inform ation available in the Edi son Electric Institute statistical yearbook.26 There, one finds data on the consum ption of fossil fuels by all electric utilities for the entire period of th e study. Quantities o f electricity generated, by type o f ow ner ship and by type of prim e m over driving th e genera tor, are also reported back to 1947. This article uses electricity generation driven b y conventional (as op posed to nuclear) steam engines and turbines and by internal com bustion engines, because these are the prim e m overs that consum e fossil fuels. The data were utilized as follow s: th e ratio o f fossil fuel-pow ered generation at private electric utilities to that at all electric utilities was m ultiplied by the con su m p tion of each fossil fuel by all electric utilities, giving estim ated private fuel consum ption. Estim ated val ues for 1970-88 were com pared w ith actual fuel con sum ption data provided by the Energy Inform ation A dm inistration, and the ratio of actual to estim ated consum ption of each fu el in 1970 was used to scale the estim ated series prior to 1970. Current-dollar costs are calculated for coal and oil as the product of consum ption and average prices paid by electric utilities. The quantities of gas used are valued at the price originally paid to the producers o f th e gas by th e pipeline com panies. This price is available from 1958 on, and before that, the price o f all m arketed production serves as a good proxy. Price data are published in M o n th ly E n erg y R eview by the D epartm ent o f E nergy.27 N atural gas that is transported through gas pipe lines and utilities to final consum ers outside s i c 49 is included in materials input, not energy input. But th e sm aller am ounts used by the utilities them selves are energy input. N atural gas used for the purpose o f generating electricity is discussed above. G as is also used by gas utilities in the operation o f pipe lines, prim arily for com pressors, and must be in cluded in fuel input. N a tu r a l Gas A n n u a l reports the am ounts o f gas used for this purpose from 1947 on and corresponding prices from 1967 on.28 Here again, the price of marketed production is used from 1947 to 1957. The price of pipeline fuel from 1958 to 1966 is reported in the N a tio n a l E n erg y A ccounts D a ta B ase, available from th e D epartm ent o f C om m erce.29 This is also the source o f data on prices and quantities for other fossil fuel consum ption by elec tric and gas utilities, such as gasoline for cars and trucks, and for water and geotherm al pow er used by electric utilities.30 Energy input for the rem aining u tility services in dustries is provided in th e N a tio n a l E n erg y A c counts D a ta B ase.31 T he data are organized prim ari ly by Bureau of E conom ic A nalysis input-output in dustry, but a single industry classification —water supply and sanitary services—corresponds to s ic in dustries 494 through 497. T he substantial detail de scribes how each o f several types o f fuel was used; the quantities used, in p h y sica l units; and the cost, in both current and constant dollars. E ight different petroleum products are Tornqvist aggregated to get th e fuel input to s ic industries 494 through 497. H ow ever, the N a tio n a l E n erg y A ccounts D ata B ase reflects energy consum ption by both private and governm ent water and sanitary services provid ers, the m ajority being governm ent. It is therefore necessary to adjust this com ponent o f energy input. T he ratio o f em ploym ent by private water and sani tary services com panies to em ploym ent at all water and sanitary services com panies is taken as an indica tor of the portion of energy consum ption attributable to the private firm s. T he developm ent of data on pri vate em ploym ent based on published b l s data has been described previously. D ata on governm ent em ploym ent in water and sanitary services are available from the Bureau of the Census.32 The ratio of private to total em ploym ent increases throughout the 1958-88 period, from 11 percent to 26 percent. The ratio series is multiplied by th e price series for energy consum ed by all water and sanitary services com p an ies. The index of the quantity of energy consum ed by all water and sanitary services com panies is retained, w hile price and, therefore, total cost are adjusted to a level consistent w ith services provided by private firm s, as suggested by em ploym ent figures. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D ata from the N a tio n a l E n erg y A cc o u n ts D ata B ase are currently available for 1958 through 1985. The ratio of energy co st including these data to en ergy co st excluding them in 1958 was m ultiplied by the energy cost for electric and gas utilities from 1947 to 1957 to estim ate total energy costs. Sim ilar ly, the ratio in 1985 was applied in the period 1986-88. The adjustm ent is necessary to give energy input th e appropriate w eight in the aggregation of total input. It does n ot affect the energy input quan tity index during th e years 1947-57 or 1986-88, but is reflected in th e series of energy input prices. M aterials in p u t. M aterials input is developed in tw o parts: natural gas used as a m aterial rather than a fuel and all nongas m aterials. T hese com ponents are com bined to get total m aterials input. The natural gas used as a m aterial input accounts for th e m ajority of materials input co st and, therefore, dom inates m ovem ents in th e total series. T his is especially true after 1973, due to the increased price o f natural gas. G as purchased by s i c 49 is included in fuel input only if it is burned to produce heat or pow er. G as destined for final consum ption outside s ic 49 be longs in the m aterials input m easure. Thus, gas used as m aterials input is equal to gas acquired by gas u ti lities, plus net w ithdraw als o f gas previously stored, less am ounts consum ed w ithin s ic 49. T he A m eri can G as A ssociation provides all of th e quantity data used in the calculation o f gas m aterials input.33 These data are consistent w ith th e association’s sales data, w hich are the basis for gas utility output data. F rom the total supply of gas utilities, w hich includes net w ithdraw als from storage, the am ount of gas used as a fuel by electric utilities and by gas utilities is subtracted.34 A m ou n ts of gas ultim ately sold to m unicipal gas com panies are also sub tracted, w hich is consistent w ith rem oval of m unici pal sales from output. Price series that are precisely applicable to each of th e quantity series or other, proxy price series are published by th e D epartm ent of E nergy.35 The quantity and cost series for nongas materials are constructed on the basis o f a series of annual in put-output tables developed by b l s , using tables from th e Bureau o f E con om ic A nalysis as bench m arks.36 Because th e b l s tables cover on ly 1947 and the period 1958-88, it was n ecessary to interpolate betw een 1947 and 1958. Current dollar co st data were used to find shares in in com e in 1947 and for 1958 on, and th en in com e shares for 1948-57 were interpolated using th e sim ple straight-line m ethod. Quantities of each item included in m aterials were interpolated for th e 1948-57 period. N ext, total nongas m aterials were derived as a w eighted sum of these estim ated quantities. T he w eights were based on the estim ated current-dollar expenditures on each item , derived by reflating th e estim ated quanti ties. P urchases of higher priced inputs are thereby w eighted m ore heavily, as is appropriate fo r this purpose. G row th rates in th e aggregate constantdollar series are used to derive quantity indexes, and dividing these into current-dollar totals produces series o f prices required for Tornqvist aggregation. M o n t h l y L a b o r R e v ie w M a y 1 9 9 3 47 Multifactor Productivity in Utility Services The indexes and price series for th e tw o parts o f m aterials input are com bined prior to aggregation of total input. Thus, the results presented above re fer to the com bined series. B usiness services in p u t. The developm ent o f a se ries for business services input to s i c 49 is analogous to that for n ongas m aterials. Services inputs show n in th e b ls input-output tables are aggregated using the sam e m ethods. D ata had to be estim ated for 1948-57, and this was done in the sam e way. A ggre gation o f services input differs from that o f nongas m aterials input on ly in th e set of input-output in dustries w hose products are included.37 Footnotes to the appendix I There are seven three-digit utility services industries: 491 Electric services 492 Gas production and distribution 493 Combination electric and gas, and other utility services 494 Water supply 495 Sanitary services 496 Steam supply 497 Irrigation systems 2J. M. Gould, O u tp u t a n d P r o d u c tiv ity in th e E le c tr ic a n d G a s U ti litie s : 1 8 9 9 - 1 9 4 2 (National Bureau of Econom ic Research, 1946). 3 Yoram Barzel, “Productivity in the Electric Power In dustry, 1929-1955,” R e v ie w o f E c o n o m ic s a n d S ta tis tic s , November 1963. 4 Energy Information Administration, Office of Coal, Nuclear, Electric, and Alternate Fuels, S ta t is tic s o f P r i v a te ly O w n e d E le c tr ic U tilitie s (C la s s e s A a n d B C o m p a n ie s ) (Washington, Department of Energy, published an nually). 5 “Composite Revenues, Number of Customers, and Kilowatt-Hour Sales Reported by r e a Borrowers Operat ing Distribution Systems,” S ta tis tic a l R e p o r t, R u r a l E le c tr ic B o rro w ers (Washington, Department of Agriculture, Rural Electrification Administration). (See also technical supplement.) 6 Executive Office of the President, S ta n d a r d I n d u s tr i a l C la s s ific a tio n M a n u a l. 7American Gas Association, G a s F a c ts (New York, American Gas Association, Inc., published annually). 8 In 1989, 85 percent of water utility operating expenses were accounted for by publicly owned water utilities, ac cording to E n v ir o n m e n ta l I n v e s tm e n ts : T h e C o st o f a C le a n E n v ir o n m e n t, Report of the Administrator of the Environ mental Protection Agency to the Congress of the United States, EPA-230-11-90-083 (Washington, Environmental Protection Agency, November 1990). Moreover, employ ment by private water and sanitary services companies never accounted for more than one-quarter of total water and sanitary services employment during the period of study, based on the labor input series and data from Bureau of the Census, P u b lic E m p lo y m e n t (Washington, Depart ment of Commerce, annual issues, 1959-88). 9 Bureau of Economic Analysis, T h e D e ta ile d I n p u tO u tp u t S tr u c tu r e o f th e U .S . E c o n o m y : 1 9 7 2 , V o lu m e I : T h e U s e a n d M a k e o f C o m m o d itie s b y I n d u s tr ie s (Wash ington, Department of Commerce, 1979). 10 Internal Revenue Service, S ta tis tic s o f I n c o m e . . . 1 9 8 8 , C o rp o r a tio n I n c o m e T a x R e tu r n s (Washington, De partment of the Treasury, 1991). II “Implicit Price Deflators for Personal Consumption Expenditures by Product: Annually, 1929-76,” T h e N a tio n a l I n c o m e a n d P r o d u c t A c c o u n ts o f th e U n ite d S ta te s , 1 9 2 9 - 7 6 S ta tis tic a l T a b le s (Bureau of Economic Analysis, September 1981), pp. 348-52; and “Implicit Price Defla tors for Personal Consumption Expenditures byProduct,” S u r v e y o f C u r re n t B u s in e ss (Washington, Department of Commerce, July issues, 1982-89). 48 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 12 Bureau of Economic Analysis, T h e S tr u c tu r e o f th e p. 163. 13 Bureau of Economic Analysis, “Fixed Private Capital in the United States,” S u r v e y o f C u r r e n t B u s in e ss (Wash ington, Department of Commerce, July 1985), pp. 36-59. 14 Steven Rosenthal, P r o b le m s in th e M e a s u r e m e n t o f U .S . E c o n o m y , Land. 15 See William Gullickson and Michael Harper, “Multi factor productivity in U.S. manufacturing, 1949-83,” M o n th ly L a b o r R e v ie w , October 1987, pp. 18-28. 16 Edison Electric Institute, S ta tis tic a l Y e a r b o o k o f th e E le c tr ic U ti l i t y I n d u s tr y (Washington, Edison Electric In stitute, published annually); Rural Electrification Admin istration, S ta t is tic a l R e p o r t, R u r a l E le c tr ic B o rro w ers (Washington, Department of Agriculture, published an nually). 17E m p lo y m e n t, H o u r s , a n d E a r n in g s , U n ite d S ta te s , 1 9 0 9 - 9 0 , V o lu m e I I (Bureau of Labor Statistics, March 1991), p. 720. 18American Gas Association, G a s F a cts. 19 See technical supplement to M u ltif a c to r P r o d u c tiv ity in U ti l i t y S e r v ic e s I n d u s tr ie s , unpublished bls report. 20E m p lo y m e n t, H o u r s , a n d E a r n in g s , pp. 719-28. 21 See technical supplement to M u ltif a c to r P r o d u c tiv ity in U tility S e r v ic e s I n d u s tr ie s . 22 E m p lo y m e n t, H o u r s , a n d E a r n in g s , pp. 719-28. 23 See technical supplement to M u ltif a c to r P r o d u c tiv ity in U ti l i t y S e r v ic e s I n d u s tr ie s . 24 Bureau of Economic Analysis, “Table 6.4B-Compensation of Employees by Industry: Annually, 1948-82,” T h e N a tio n a l I n c o m e a n d P r o d u c t A c c o u n ts o f th e U n ite d S ta te s , 1 9 2 9 - 8 2 , S ta tis tic a l T a b le s (Washington, Depart ment of Commerce, September 1986). 25 Energy Information Administration, Office of Coal, Nuclear, Electric, and Alternate Fuels, M o n th ly R e p o r t f o r E le c tr ic U tilitie s R 0 0 2 , F u e l C o n s u m p tio n a n d S to c k ( I I ) (Washington, Department of Energy, 1990). 26 Edison Electric Institute, S ta tis tic a l Y e a r b o o k . 27 Energy Information Administration, Office of Energy Markets and End Use, M o n th ly E n e r g y R e v ie w (Washing ton, Department of Energy, published monthly). 28 Energy Information Administration, Office of Oil and Gas, N a tu r a l G a s A n n u a l (Washington, Department of Energy, 1982-89). 29 Office of Business Analysis, Under Secretary for Eco nomic Affairs, N a tio n a l E n e r g y A c c o u n ts D a ta B a se (Washington, Department of Commerce, February 1985). 30 Office of Business Analysis, N a tio n a l E n e r g y A c c o u n ts . 31 I b id . 32 Bureau of the Census, P u b lic E m p lo y m e n t (Washing ton, Department of Commerce, 1959-88), annual issues. 33American Gas Association, G a s F a cts. 34 Technically, gas used for fuel by water and other sani tary services industries should be deducted from total sup ply in this derivation of gas materials input. However, anal ogously to the development of energy input, this would be accomplished by applying a ratio based on 1958-85 N a tio n a l E n e r g y A c c o u n ts data to the entire gas materials input series. Because the amounts involved are not significant (the 1985 ratio would be 0.997), this approach has been avoided. 35 Energy Information Administration, N a tu r a l G a s A n n u a l. 36 Input-output tables are available for the years 1947, 1958, 1963, and every year between 1967 and 1980. BLS modifies the published tables for mutual consistency and to reflect establishment output concepts; for those years that lack published tables, estimates are obtained by interpola tion using annual control totals for gross output, final de mand, and value added. See, for example, Bureau of Eco nomic Analysis, T h e D e ta ile d I n p u t- O u tp u t S tr u c tu r e o f th e U .S . E c o n o m y , 1 9 7 7 , V o lu m e 1 , T h e U s e a n d M a k e o f C o m m o d itie s b y I n d u s tr ie s (Washington, Department of Commerce, 1984). 37 Services consist of communications; finance and in surance; real estate rental; hotel services; repair services; business services, including equipment rental, engineering and technical services, and advertising; vehicle repair; medical and educational services; and purchases from gov ernment enterprises. Decade of children and the family It is vexing to see decades labeled according to a single mood— the swinging sixties, the greedy eighties. The shift of a digit on the calendar year can hardly cause such a profound swing in the national psyche, only a fraction of the population. Nevertheless, the 1990s will be dedicated in a major way to children and family because family life will be at its peak for the most influential generation in the population— influential by virtue of its size and now aging into positions of influence. This shift cannot help but influence fertility decisions at the margin. Thus, other things being equal, we will probably see a somewhat higher fertility rate. How high cannot be predicted, but it will probably not be very much higher than the 2.2 in the high-fertility projection series, since the opportunity costs of having children are more likely to increase than to decrease. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -------Martha Farnsworth Riche “Demographic Change and the Destiny of the Working-Age Population.” As the Workforce Ages: Costs, Benefits & Policy Challenges, Olivia S. Mitchell, editor. (Ithaca, ny, ilr Press, School of Industrial and Labor Relations, Cornell University, 1993), p. 24. M o n t h l y L a b o r R e v ie w M a y 1 9 9 3 49 Research summaries Producer prices in 1992 held down by productivity gains Craig Howell, William Thomas, Harry Briggs, and Scott Sager Prices received by domestic produc ers of finished goods moved up 1.6 percent from December 1991 to December 1992 after inching down 0.1 percent in calendar year 1991. Outside of the often volatile food and energy sectors, however, prices for finished goods advanced 1.9 percent, well below the 3.1-percent rise in 1991. At earlier stages of processing, the Intermediate Goods Price Index rose 1.1 percent in 1992 in the wake of a 2.6-percent decrease the year before. The Crude Goods Price Index increased 2.9 percent from December 1991 to December 1992, following a drop of 11.6 percent during the pre ceding year. Energy prices turned up modestly at both the intermediate and the crude levels after double-digit declines in 1991. Crude foodstuff prices also moved up after falling a year earlier. Industrial material prices turned up at both the intermediate and the crude stages of processing. (See table 1.) Price increases for many items in cluded in the Producer Price Index (PPI) system were slower in the second Craig Howell, William Thomas, Harry Briggs, and Scott Sager are economists in the Office of Prices and Living Conditions, Bureau of Labor Statistics. They were assisted by Roger Burns, an economist in the same office. 50 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis half of the year than in the first. The increase in the Finished Goods Price Index, for example, slowed from a seasonally adjusted annual rate of 2.6 percent in the first 6 months of 1992 to a rate of 0.5 percent in the last 6 months of the year. The so-called “core” or“ underlying” rate of infla tion (that is, for finished goods other than foods and energy) reflected the same pattern, rising at an annual rate of 2.7 percent from December 1991 to June 1992, followed by a 1.0-percent rate of advance from June to Dec ember 1992. The index for finished energy goods, which had risen at an annual rate of 7.4 percent in the first 6 months of the year, fell at about the same pace in the second half. Con sumer food prices, however, turned up from June to December after eas ing down slightly in the preceding 6 months. Industrial material prices also tended to move up more rapidly in the first 6 months of 1992 than in the rest of the year. The index for intermedi ate materials less foods and energy edged up at a rate of 0.5 percent in the second half, less than the first-half rate of 1.8 percent. Prices for both durable and nondurable manufactur ing materials turned down in the second half after first-half increases. The rise in the index for basic indus trial materials slowed to a seasonally adjusted annual rate of 1.9 percent from June to December after climbing at a rate of about 10 percent in the pre ceding 6 months. Although the recession that had be gun in July 1990 had officially ended by the spring of 1991, the recovery for the rest of that year and through most for of 1992 was uncharacteristically sluggish, compared with previous periods of recovery. It was not until the end of 1992 that the gross domestic product reached the same level as it had attained just prior to the start of the recession. Personal consumption expendi tures on goods and services were re strained by the need of consumers to reduce their unusually high debt burdens in the aftermath of intense borrowing during the 1980’s. The failure of employment to rebound sig nificantly during the recovery further served to hamper consumer spend ing. Nevertheless, consumer spending strengthened considerably in the second half, partly at the expense of savings. Capital investment plans were held in check by unused capacity in many sectors. Export demand was less buoyant in 1992 than in other recent times, largely because many of our major trading partners were also struggling with recession or low growth. The housing sector was again relatively strong; however, the com mercial construction sector remained depressed in the aftermath of serious overbuilding in the mid-1980’s. Inflation usually continues to decelerate even well after a recession ends because output normally ex pands at a faster pace than employ ment during the early stages of re covery. This results in sizable produc tivity gains and lower unit labor costs. The unusually slow growth in em ployment from the March 1991 trough of the recession through the end of 1992 amplified this tendency. This factor was particularly impor tant for finished goods, because Table 1. Annual percent changes for major categories of the Producer Price Index by stage of processing, 1988-92 Index u te d s o le ly t o b road e c o n o m ic s lu g g is h n e s s . B y t h e sa m e to k e n , c o n tin u a tio n o f a lo w r a te o f in fla tio n w o u ld n o t n e c e s s a r ily b e je o p a r d iz e d b y a m o r e v ig o r o u s e x p a n s io n in 1 9 9 3 . 1988 1989 1990 1991 1992 Finished goods................... Foods ............................ Energy........................... Other............................. 4.0 5.7 -3 .6 4.3 4.9 5.2 9.5 4.2 5.7 2.6 30.7 3.5 -0.1 -1 .5 -9.6 3.1 1.6 1.5 -.1 1.9 Intermediate materials, supplies, and components.... Foods and feeds........... Energy........................... Other............................. 5.6 10.8 —4.4 7.2 2.3 0 10.6 .9 4.3 -1 .3 21.8 1.9 -2 .6 -.2 -11.6 -.8 1.1 -.5 1.8 1.1 r o s e le s s in 1 9 9 2 th a n t h e y h a d in th e Crude materials for further processing........................ Foodstuffs and feedstu^s Energy........................... Other............................. 3.1 14.2 -9 .5 7.5 7.1 2.8 17.9 -3 .6 6.0 -4 .2 19.1 .6 -11.6 -5 .8 -16.6 -7 .6 2.9 2.8 1.5 5.6 t h e d e c e le r a tio n in th e in d e x fo r c o n su m e r n o n d u r a b le s o th e r th a n f o o d s a n d e n e r g y . T h e s lo w d o w n fo r b o th Note: E a c h o f th e th r e e m a jo r s ta g e -o fp r o c e s s in g g r o u p in g s m a k in g u p th e core r a te — c o n s u m e r n o n d u r a b le s o th e r th a n fo o d an d e n e r g y , c o n s u m e r d u r a b le s, an d c a p ita l e q u ip m e n t— p r e c e d in g y e a r . A s iz a b le s lo w d o w n in th e r a te o f in c r e a s e fo r to b a c c o p r o d u c ts w a s r e s p o n s ib le fo r m u c h o f c o n s u m e r d u r a b le s a n d c a p ita l e q u ip m e n t w a s led b y p a sse n g e r c a r s and o th e r k in d s o f tr a n s p o r ta tio n e q u ip Data are calculated on a December-to-December basis. m e n t. T h e in d e x fo r c o n s u m e r n o n d u r a b le g o o d s o th e r th a n fo o d s a n d e n e r g y la b o r c o s t s are a m o r e c r itic a l d e te r m in a n t o f th e r a te o f p r ic e c h a n g e fo r g o o d s a t th e la te r s ta g e s o f p r o c e ss in g th a n fo r g o o d s th a t are le s s p r o c e ss e d . P r o d u c tiv ity fo r n o n fa r m b u s in e sse s a s a w h o le g r e w 2 .7 p e r c e n t in 1 9 9 2 , fa r b e tte r th a n t h e 0 .5 -p e r c e n t r ise m e a s u r e d in 19 9 1 a n d th e h ig h e s t in c r e a s e fo r a n y c a le n d a r y e a r sin c e 1972. Core rate of inflation P r ic e s r e c e iv e d b y d o m e s tic p r o d u c e r s fo r fin is h e d g o o d s o th e r th a n fo o d s a n d e n e r g y m o v e d u p 1.9 p e r c e n t in 1 9 9 2 , th e s m a lle s t a d v a n c e fo r a n y c a le n d a r y e a r s in c e 1 9 8 3 . T h e tren d to w a r d s s lo w e r a n n u a l in c r e a s e s in th e c o r e r a te o f in fla tio n h a s b een e v id e n t e a c h y e a r sin c e th e la te 1 9 8 0 ’s: T h e w e a k n e s s in p r ic e s fo r m a n y k in d s o f in d u s tr ia l m a te r ia ls d u rin g 1 9 9 2 w a s s o m e w h a t p u z z lin g in a h is to r ic p e r s p e c tiv e . T h e s e p r ic e s are u s u a lly c o n s id e r e d a se n s itiv e le a d in g in d ic a to r o f th e sta tu s o f th e g e n e r a l e c o n o m y . B u t w h ile m o s t o th e r s e n s i tiv e e c o n o m ic in d ic a to r s w e r e p o in t in g to w a r d s a s tr e n g th e n in g e c o n o m y b y t h e e n d o f th e y e a r , m a te r ia l p r ic e s w e r e o fte n fa r str o n g e r in th e fir s t h a lf o f t h e y e a r th a n in th e se c o n d . I f th e e c o n o m y d o e s in fa c t c o n tin u e t o im p r o v e th r o u g h 1 9 9 3 , it m a y b e a sig n th a t m a te r ia l p r ic e s are c u r r e n tly b e in g d r iv e n m o r e b y th e ir o w n s p e c ia l s u p p ly situ a tio n s (fo r e x a m p le , b y t h e h e a v y s a le s o f n o n fe r r o u s m e ta ls fr o m a r e a s in t h e fo r m e r S o v ie t U n io n ) th a n b y s h ifts in g e n e r a l e c o n o m ic d e m a n d . If, h o w e v e r , th e e c o n o m y o n c e a g a in fa lte r s, t h is m a y in d ic a te th a t m o v e m e n ts in m a te r ia l p r ic e s r e m a in a v ia b le p r o g n o stic a to r o f t h e fu tu r e h e a lt h o f th e e c o n o m y . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis m o v e d u p 2 .8 p e r c e n t in 1 9 9 2 in th e w a k e o f a n in c r e a s e o f 4 .3 p e r c e n t a y e a r b e fo r e . P r ic e s fo r to b a c c o p r o d in th e to b a c c o p r o d u c ts in d e x e a c h y e a r fr o m 1 9 8 7 th r o u g h 1 9 9 1 . T h e 1 9 9 2 d e c e le r a tio n fo r to b a c c o p r o d u c ts in p art r e fle c te d a m ark ed s lo w d o w n in g r o w th in e x p o r t d em a n d fo r A m e r ic a n -m a d e c ig a r e tte s a fter PPI core rate y e a r s o f s te e p in c r e a se s; s o m e fo r e ig n m a r k e ts e v e n s h o w e d a d rop in c o n s u m p tio n . F o r m a n y y e a r s , fo r e ig n d e m a n d h a d b e e n s tr o n g e n o u g h to o ffs e t t h e im p a c t o f d e c lin in g c ig a r e tte c o n s u m p tio n in t h e U n ite d S ta te s. ( D o m e s t ic c o n s u m p tio n w a s e x p e c te d to b e a b o u t 2 .5 p e r c e n t lo w e r in 1 9 9 2 th a n a y e a r e a r lie r .) H o w e v e r , p r o 1 9 8 8 ................... 4 .3 1989 1990 1991 1992 u c t s m o v e d u p 6 .7 p e r c e n t o v e r th e y e a r . W h ile th is w a s w e ll a b o v e th e p a c e o f in fla tio n fo r m o s t o th e r k in d s o f g o o d s , th e 1 9 9 2 a d v a n c e r e p r e se n te d a c o n s id e r a b le d e c e le r a tio n fr o m t h e in c r e a s e s o f a b o u t 13 p e r c e n t ................... 4 .2 ................... 3 .5 ......................3.1 ................... 1.9 A sim ila r p a tte r n w a s e x h ib ite d fo r several years d u r in g th e m u ch d u c tio n s h ifte d a b ro a d t o s o m e e x te n t d u r in g 1 9 9 2 a s A m e r ic a n to b a c c o m a n u fa c tu r e r s in c r e a s in g ly lic e n s e d str o n g e r r e c o v e r y fr o m th e r e c e s s io n th a t e n d e d in la te 1 9 8 2 . T h e f a c t th a t t h e c o r e r a te r o s e m o r e s l o w ly d u rin g t h e s e c o n d h a lf o f 1 9 9 2 , w h e n t h e r e c o v e r y w a s m o r e p r o n o u n c e d , th a n in th e fir s t 6 m o n th s o f th e y e a r fu r th e r in d ic a te s th e c o m p a ta b ility o f lo w in fla tio n a n d r e c o v e r y . T h u s, t h e lo w r a te o f in fla tio n in th e t h e u s e o f th e ir b ran d n a m e s b y fo r e ig n p r o d u c e r s. T h e lic e n s in g d is p la c e d fo r e ig n d e m a n d fo r to b a c c o p r o d u c ts c o r e r a te fo r 1 9 9 2 c a n n o t b e a ttr ib s u m m e r to c o m p e te w ith in th a t p art o f m a d e in t h e U n ite d S ta te s. I n m a n y p arts o f t h e w o r ld , A m e r ic a n c ig a r e tte b ran d n a m e s are c o n s id e r e d t o b e w o r ld -c la s s , p r e m iu m q u a lity . W ith in th e U n ite d S ta te s, p r ic e s fo r g e n e r ic c ig a r e tte s w e r e c u t h e a v ily d u r in g th e Monthly Labor Review May 1993 51 Research Summaries the market which is sensitive to relative price levels. The Producer Price Index for con sumer durables moved up 1.3 percent in 1991, following a rise of 2.0 percent a year earlier. The new cars index inched up 0.6 percent over the year after increasing 3.1 percent in 1991. Domestic manufacturers continued their aggressive downsizing cam paigns by cutting labor costs and im proving productivity. By doing this, operations could be profitable at lower levels of output. Domestic new car sales in 1992 were up a little more than 2 percent after declining 12 percent in 1991. The Producer Price Index for capital equipment increased 1.6 per cent after rising 2.5 percent in 1991; the 1992 increase was the smallest since 1987. Most of the price decelera tion for this index was the result of smaller price increases than in the previous year for civilian aircraft and passenger cars. Movements for most items within the capital goods group ing were relatively flat. While prices for most items within the transporta tion equipment category were up more than other kinds of capital goods, the effect of these price in creases was offset by lower prices for electronic computers. sure enough supply. Gas prices peaked in October, about the same time that Congress passed an energy bill which emphasized the use of cleaner sources of energy such as natural gas. Prices retreated at the end of the year, however, as some utilities and manufacturers switched to alter nate fuel sources, such as oil or coal. Prices for crude petroleum drop ped 2.2 percent in 1992 after plum meting 30.5 percent in 1991. Mem bers of the Organization of Petroleum Exporting Countries (OPEC) had even more trouble than usual in regulating the output of their members. OPEC production reached its highest level in a decade in November (25.3 million barrels/day), as Kuwait continued to rebuild its oil producing capacity. Do mestic production of crude petroleum declined about 3.5 percent over the year. Foods Prices received by domestic pro ducers of finished consumer foods turned up 1.5 percent, about the same amount as they had fallen in 1991. Consumer food price increases during 1992 were dominated by a surge of nearly 70 percent in the fresh and dry vegetables index; within this category, prices soared for the two most domi nant items, tomatoes and lettuce, as Energy supplies were generally lower due to decreased acreage and adverse wea From December 1991 to December ther conditions. At the intermediate 1992, the crude energy materials stage of processing, the index for index climbed 1.5 percent after falling foods and feeds decreased 0.5 percent 16.6 percent in 1991. Similarly, the in following a 0.2-percent decline a year dex for intermediate energy materials earlier. At the farm level, the Pro (such as diesel fuel) rose 1.8 percent in ducer Price Index for crude foodstuffs 1992 after an 11.6-percent drop in 1991. Prices for finished energy goods and feedstuffs rose 2.8 percent after a (such as gasoline) edged down 0.1 per 5.8-percent decline in 1991. Through out 1992, severe weather conditions in cent in 1992, following the 9.6-perdifferent regions of the country dam cent drop in 1991. Energy prices were off sharply in 1991 after Operation aged crops and hampered harvests; and wreaked havoc in agricultural Desert Storm ended and alleviated markets. However, supplies were of fears of a major supply disruption. ten only temporarily limited until har Most of the 1992 upturn in crude vests from other producing areas energy goods was attributable to the came to market. index for natural gas to pipelines, which rose 5.4 percent following a de Material prices crease of about 5 percent in 1991. After Hurricane Andrew temporarily Prices for nondurable manufacturing interrupted about 5 percent of Gulf of materials edged up 0.3 percent from Mexico production, gas prices were December 1991 to December 1992 bid up as fearful suppliers tried to en after dropping 4.8 percent in the pre 52 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis vious year. Price declines slowed for petrochemicals after dropping mark edly in 1991. Weak export demand and the addition of new capacity both contributed to oversupply and the continuation of falling prices. How ever, the declines did not match those of the previous year which followed the collapse of petroleum prices after the Persian Gulf war. Declines also slowed in 1992 for paper, synthetic fibers, and nitrogenates. The index for durable manufactur ing materials rose 1.2 percent after falling 3.7 percent in 1991. Price de clines were slower for aluminum mill shapes, flat rolled steel sheet and strip, hot rolled steel bars, cold finished steel bars, and primary platinum. Prices turned up after falling in the preceding year for copper and brass mill shapes and for primary alu minum. Prices rose much faster than in 1991 for hardwood lumber and for building paper and board. Flat glass prices increased after showing no change in the previous year. Price ad vances slowed, however, for prepared paint and cement. In addition, prices fell faster than a year earlier for primary lead, zinc, gold, and silver, and for semifinished steel mill products. The index for materials and compo nents for construction climbed 2.7 percent in 1992, after a slower in crease of 0.8 percent in 1991. As mort gage rates continued to decline, from 8.50 percent in December 1991 to 8.22 percent in December 1992, many consumers took advantage of this by either refinancing existing mortgages or by purchasing new homes. These low interest rates boosted housing starts throughout the year, showing considerable improvement over 1991 levels. For 1992, new housing starts were up to more than 1.2 million units— 18.5 percent higher than in 1991; however, housing starts in 1991 were at their lowest level since World War II. The 1992 increase was the first annual increase since 1989, as well as the largest annual increase since 1986. While most annual price move ments among construction materials were in line with more general levels of inflation, prices for many wood-re lated items soared. Following an 11.7-percent rise in 1991, softwood lumber prices climbed 22.1 percent, the highest yearly advance in almost 20 years. Softwood lumber prices were sharply higher in the first quarter as a result of short supplies. This shortage was exacerbated by the fear that new regulations protecting the Northern Spotted Owl might cause further supply restrictions. Lagging demand and the reduction of the Canadian export duty on logging products resulted in increased im ports, pushing prices lower in the second quarter. Demand occasioned by damage from Hurricane Andrew, as well as increased housing starts and short supplies, pushed softwood lumber prices higher again late in the year. The index for crude nonfood ma terials less energy turned up 5.6 per cent in 1992 after falling 7.6 percent in 1991. This index showed moderate gains through the first three quarters, then showed some weakness early in the fourth quarter before rebounding strongly at the end of the year. As this index is sometimes considered a lead ing economic indicator, it shows that the economic climate in 1992 im proved over that of 1991, although its erratic movement late in the year may signal further rough spots in the economy. In 1992, price increases accelerated for the logs, bolts, timber, and pulpwood category. Prices turned up for waste paper, cattle hides, and alumi num base scrap. Price declines slowed for raw cotton, iron and steel scrap, and copper ores. In contrast, the phosphate and gold ore indexes fell more than in 1991. Selected industries The passenger car rental index rose 17.2 percent in 1992. Charges for passenger car rentals increased sharp ly on the strength of heavy demand during the traditional summer driving season. Substantially reduced airfares during this period further boosted demand for auto rentals because of the increased travel made possible by the fare cuts. Rental rates also were buoyed by higher purchase costs for the 1993 model-year fleet. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Oth e r s ig n if ic a n t in c r e a s e s were registered in 1992 for electric power and natural gas utilities, tour operators, scrap and waste materials, marine cargo handling, refrigerated warehousing and storage, and radio broadcasting. In contrast, declines were registered for travel agencies, scheduled air transportation, and for water transportation of freight, not elsewhere classified. □ Consumer price rise slows further in 1992 Richard C. Bahr The Consumer Price Index for All Urban Consumers (CPI-U) rose 2.9 percent in 1992, slowing from its al ready relatively languid 3.1-percent pace in 1991.1The 1992 rise was the lowest annual rate of increase since a 1.1-percent rise in 1986 and was the second smallest since 1965. The 1990 advance of 6.1 percent, propelled by a sharp escalation in petroleum-based energy prices following the Iraqi inva sion of Kuwait in August of that year, was significantly higher than the aver age rate of increase of 5.1 percent dur ing the 1980’s. While the deceleration in 1991 was largely the result of the downturn in petroleum-based energy prices, the further moderation in 1992 was more broadly based. Even though energy prices increased again (indeed, the upturn in gasoline prices caused a turnaround in the transportation component of the index), prices for each of the other major expenditure groups rose less in 1992 than during the preceding year. The food index, which rose 1.9 per cent in 1991, its smallest advance since a 0.5-percent increase in 1976, slowed even further, to a 1.5-percent rise, in 1992. The 3.4-percent rise in this component over the past 2 calen dar years was the smallest since the Richard C. Bahr is an economist in the Division of Consumer Prices and Price Indexes, Office of Prices and Living Conditions, Bureau of Labor Statistics. 2-year period ended December 1964. More noteworthy was the decelera tion in the index for all items less food and energy. After a 4.4-percent rise in 1991, this index advanced 3.3 percent in 1992, its smallest increase since a 3.0-percent rise in 1972, during a period of price controls. The economy Sluggish economic conditions were an important cause of 1992’s moderate price rise. Although the recession that began in July 1990 ended officially in March 1991, the delay between the end of the recession and its announce ment, in December 1992, was the re sult of the sluggishness of the re covery. Unemployment reached an 8-year high of 7.7 percent in June 1992 and then began to decline slowly, ending the year at 7.3 percent. The number of private sector jobs in December remained 1.7 million below the prerecession peak. Record num bers of bankruptcies of businesses and individuals continued to be filed during most of 1992. An indication of possible future economic improvement, however, was shown in the rise in the govern ment’s index of leading economic in dicators during the last 3 months of the year. The December increase of 1.7 percent was the largest in nearly a decade. The cost of labor and materials remained relatively stable during the year. Total labor compensation costs paid by U.S. nonfarm business ememployers (which include wages, salaries, and benefits paid to their employees) increased 3.7 percent in 1992, after advancing 4.2 percent in 1991. In addition, productivity was up 3.2 percent over the past year, offsetting most of the rise in hourly compensation. As a result, labor costs per unit of output rose only 0.4 per cent from 1991 (fourth quarter to fourth quarter). The Producer Price Index (PPI) for intermediate materials, supplies, and components rose only 1.1 percent; the PPI for capital equip ment rose only 1.6 percent; and long term interest rates remained relatively low, keeping the cost of financing cap ital equipment purchases moderate. M o n t h l y L a h o r R e v ie w M a y 1993 R esea rch S u m m a r ie s Table 1. Annual percent change In the Consumer Price Index for All Urban Consumers (CPI-U), selected expenditure categories, 1983-92, not seasonally adusted 12 months ended December— Expenditure category All items.................................... All items less energy............. AII items less food and energy.................. Commodities less food and energy commodities.... Services less energy services................ Energy..................................... Energy commodities............. Energy services.................... Food........................................ Fresh fruit.............................. Food away from home.......... Shelter..................................... Residential rent..................... Lodging while out of town............................ Homeowners' costs.............. Medical care........................... Apparel and upkeep.............. College tuition......................... Alcoholic beverages.............. Tobacco products................... Auto finance........................... 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 3.8 4.5 3.9 4.4 3.8 4.0 1.1 3.8 4.4 4.1 4.4 4.7 4.6 4.6 6.1 5.2 3.1 3.9 2.9 3.0 4.8 4.7 4.3 3.8 4.2 4.7 4.4 5.2 4.4 3.3 5.0 3.1 2.2 1.4 3.5 4.0 2.7 3.4 4.0 2.5 4.8 -.5 -3 .2 4.1 2.7 -1 .3 4.1 4.7 4.8 5.6 .2 -1 .8 3.5 3.8 22.6 4.2 5.2 5.9 5.7 1.8 3.4 -.6 2.6 1.3 3.8 6.0 6.4 5.2 -19.7 -30.5 -3 .3 3.8 5.9 4.3 4.6 5.0 4.5 8.2 17.8 .2 3.5 10.5 3.7 4.8 4.0 5.0 .5 -2 .3 3.2 5.2 13.4 4.4 4.5 3.6 5.3 5.1 7.9 2.8 5.6 8.1 4.6 4.9 4.2 6.0 18.1 35.4 1.5 5.3 10.6 4.5 5.2 4.1 4.6 -7 .4 -16.1 3.5 1.9 10.2 2.9 3.9 2.9 3.7 2.0 1.2 2.8 1.5 -3 .6 1.4 2.9 2.3 6.8 4.5 6.4 2.9 9.6 3.4 6.3 5.1 6.1 6.4 5.9 6.8 2.8 8.6 5.5 7.2 -8 .3 4.4 4.6 7.7 .9 7.4 3.9 5.3 5.8 4.8 7.0 3.3 7.9 5.9 4.5 4.7 6.9 4.7 7.7 3.9 9.4 8.3 5.4 5.1 8.5 15.8 4.7 9.6 5.1 8.2 4.2 10.8 .0 8.5 3.7 7.9 3.4 12.1 9.9 11.1 -7.1 3.8 2.9 6.6 1.4 10.1 -7 .9 All items less food and energy The index for items other than the volatile food and energy components, which is often used as a measure of the underlying rate of consumer inflation, rose 3.3 percent in 1992. This was the smallest rise in this index since 1972, during price controls. It was also significantly lower than the 4.5-per cent average annual increase in this component over the 10 years ended 1991. The slowdown in 1992 was evident in both commodity and ser vice prices, with the index for services less energy accounting for slightly more than half of the deceleration in the index for all items less food and energy. A smaller rise in rent of shelter compared with the previous year’s increase —2.9 percent versus 3.9 percent—accounted for twothirds of the deceleration in the index for services less energy. Slowdowns in the growth of prices for apparel commodities and alcoholic beverages were responsible for about two-thirds of the deceleration in the index for commodities less food and energy. S h e lt e r a n d o th e r se le c te d h o u s e h o ld costs. The sluggish economy and the slumping housing market caused fur ther moderation in the costs for 54 M o n t h l y L a b o r R e v ie w https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.0 10.1 2.7 5.0 6.8 2.0 5.9 -7 .3 shelter. These costs were up 2.9 per cent in 1992, after advancing 5.2 per cent in 1990 and 3.9 percent in 1991. The 1992 change was the smallest advance since a 2.4-percent rise in 1982, at the depth of the 1981-82 re cession. Residential rent rose 2.3 per cent in 1992, its smallest annual rise since 1967. Charges for lodging while out of town, which include hotel and motel charges and rent for vacation and resort properties, rose 3.8 percent in 1992, less than half the 8.5-percent increase in 1991 and the smallest rise in this component since a 2.6-percent advance in 1972. Homeowners’ costs were up 2.9 percent in 1992, replacing 199l ’s rise of 3.7 percent as the smallest increase in this component since the rental equivalence approach was adopted in January 1983.2 Even some household items, whose prices accelerated in 1991, showed de celerations in 1992. Among these were telephone services, the cost of which had turned up from a 0.4-percent decline in 1990 to a 3.5-percent rise in 1991. In 1992, however, the price of telephone services turned back down to a 0.3-percent decline. Water and sewerage maintenance charges, which had accelerated to a 7.8-percent increase in 1991, slowed to a 6.6-percent pace in 1992. Simi larly, after advancing 11.5 percent in M a y 1993 1.0 8.1 4.8 14.7 4.3 10.0 2.9 8.1 -1 3.9 1991, refuse collection charges rose 8.5 percent in 1992. However, charges for cable television services continued their 1991 deceleration, with a 3.7-percent rise in 1992. This slow down followed double-digit price in creases in 2 of the last 5 years and was the smallest rise since this component was first published in January 1983. O th e r s ig n ific a n t p ric e m o v e m e n ts . Apparel and upkeep prices continued to slow in 1992, rising only 1.4 percent after advancing 5.1 percent in 1990 and 3.4 percent in 1991. Relatively slack consumer demand caused many retailers to continue to moderate price increases, to avoid a further softening of sales volume. Prices of alcoholic beverages slowed to a 2.9-percent rise in 1992, compared with a 9.9-percent advance the preceding year. This higher 1991 figure resulted in part from an in crease in the Federal excise tax at the beginning of the year.3 Medical care costs, which have in creased faster than the overall con sumer inflation rate each year since 1980, continued that trend in 1992, rising 6.6 percent. However, this ad vance represented a continuing slow down from increases of 9.6 percent in 1990 and 7.9 percent in 1991. Medical care commodities slowed to a 5.2-per- cent increase, and professional med ical services decelerated to a 5.7-percent rise. Costs for hospital and re lated services rose 8.8 percent in 1992, slightly lower than the 8.9-percent pace posted in 1991, which itself was a slowdown from advances of 11 per cent or more in each of the 3 preced ing years. College tuition rose 10.0 percent in 1992, after rising 12.1 percent in 1991. These increases were somewhat high er than the 7.0-percent to 8.6-percent advances that marked each year be tween 1985 and 1990. Cuts in funding by State governments, which supports many universities, continued to lead to tuition hikes. Prices for tobacco and smoking products continued to advance sub stantially, but slowed to an 8.1-percent rise in 1992, after increasing at double-digit rates for 3 straight years. As with alcoholic beverages, the 1991 advance of 11.1 percent in tobacco prices resulted in part from the Janu ary 1991 Federal excise tax increase. Price rises for tobacco and smoking products have exceeded the overall consumer inflation rate for 11 years running. The cost of purchasing a new car dropped in 1992, the result of a sharp decline of 13.9 percent in automobile finance charges and a slowing of price increases for new cars, which were 2.3 percent in 1992, compared with 3.3 percent the previous year. Lower in terest rates and the prevalence of pro motional rates offered by auto dealers were what lowered the costs of financ ing a new car. However, prices for used cars accelerated sharply, rising 7.4 percent in 1992, after advancing 2.6 percent in 1991. Airline fares rose 6.6 percent in 1992, after dropping 6.0 percent in 1991. Most of the advance in 1992 oc curred in the last 3 months of the year, after the end of the latest round of fare wars. Food After decelerating sharply to a 1.9-percent increase in 1991, the food index slowed further to a 1.5-percent rise in 1992. The 3.4-percent rise in this component over the past 2 years was the smallest since the 2-year peri https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis od ended December 1964. A slight ac celeration in prices for food at home during 1992 was more than offset by a sharp deceleration in prices for res taurant meals and snacks. R e s ta u r a n t m e a ls a n d s n a c k s . Prices for food eaten away from home —that is, food purchased in restaurants, from fast-food outlets, and from vend ing machines —continued to deceler ate sharply in 1992, rising 1.4 percent after increases of 4.5 percent in 1990 and 2.9 percent in 1991. The 1.4-percent advance was the smallest in crease in this component since a simi lar one in 1964. Eating establishments kept price increases low to avoid los ing customers in the face of a sluggish economy. Prices for food purchased in grocery stores and eaten at home rose 1.5 percent in 1992, after advancing 1.3 percent in 1991. Larger price increases were posted for poul try, dairy products, and cereal and bakery products, together with a turn about from falling to rising meat prices. These increases were partially offset by slowdowns in prices for fruits and vegetables, fish and sea food, and other food at home, togeth er with a larger decline in prices for eggs. Meat prices rose 0.2 percent in 1992, after declining 2.1 percent in 1991. Poultry prices accelerated in 1992, rising 2.7 percent, after increas ing only 0.4 percent the previous year. Prices for fruits and vegetables rose 2.2 percent in 1992, exactly half the 1991 increase. This deceleration was the result of a sharp downturn in prices for fresh fruit, which decreased 3.6 percent after rising between 8.1 percent and 13.4 percent for the pre vious 5 years. The deceleration was particularly evidenced by downturns in prices for oranges and apples. A re turn to normal production levels after freezes in the prior 2 years —particu larly 1991—increased the supply of oranges, while a somewhat larger ap ple crop combined with reduced Eu ropean demand for American apples to increase the availability of apples. On the other hand, prices for fresh G r o c e r y sto re fo o d . vegetables —particularly tomatoes — and processed fruits and vegetables accelerated. By contrast, egg prices declined for the third year in a row in 1992. The 4.7-percent drop was slightly larger than the 4.6-percent fall in 1990 and still larger than the 4.0-percent decline in 1991. Energy Energy price trends in 1992 reflected a return to more normal conditions than in recent years. Prices turned back up in 1992, rising 2.0 percent, af ter an abrupt drop of 7.4 percent in 1991. The turnaround was due to an acceleration in the prices of petro leum-based energy commodities, which rose 1.2 percent in 1992 after dechning 16.1 percent in 1991. Gaso line prices rose 2.0 percent. The sharp energy price drop in 1991 followed a large price increase in 1990. (The Iraqi invasion of Kuwait in late 1990 drove up crude oil prices.) In early 1992, the Organization of Petroleum Exporting Countries (OPEC) tried, with limited success, to regulate the supply of crude oil. Partially offset ting the acceleration in energy com modity prices was a moderation in prices for energy services. A sharp de celeration was posted in prices for electricity, which rose only 1.7 per cent on the heels of a 5.0-percent ad vance in 1991. Summary and outlook The further deceleration of inflation in 1992 was broadly based. The index excluding the volatile food and energy components slowed to a rate not seen since 1972, the middle of the price control era of the early 1970’s. A number of components decelerated to slow rates of increase last occurring in the early 1970’s and, in some cases, the early 1960’s. Many factors suggest that consumer price rises may contin ue to be moderate. Unemployment rates over 7 percent mean that there is considerable room for the economy to grow before tight labor markets push up wages. Further room for growth without significant inflation is pro vided by a capacity utilization rate 5 points below the long-term average. Relatively low price increases for in- M o n t h l y L a b o r R e v ie w M a y 1993 55 Research Summaries termediate materials and capital goods, as well as low long-term inter est rates, contribute to minimal cost pressures. The rates of change for selected ex penditure categories over the past 10 years are shown in table 1. □ Footnote “Changing the H om eow nership C om po nent of the C onsum er Price Index to 1 A nnual percent changes are from D e c em ber to D ecem ber, unless otherw ise noted. 2 See Bureau o f L abor Statistics, January 1983, pp. 7-13. 3 The Federal excise tax increase was R ental E quivalence,” In recent years, many observers have also noted the enormous gap that has arisen between the reality of managerial power in postwar American society and the theory of industrial self-government that was enshrined in the Wagner Act and in the rhetoric of the labor law that has evolved over the last half century. As the American unions decline in power and influence, and as capital has become ever more global and mo bile, the idea that collective bargaining represents the road to an industrial democracy seems increasingly implausible. — Nelson Lichtenstein “Great expectations: the promise of industrial jurisprudence and its demise, 1930-1960,” Industrial Democracy in America: The Ambiguous Promise, Nelson Lichtenstein, and Howell John Harris, eds. (New York, Woodrow Wilson Center Press and Cambridge University Press, 1993), p. 115. Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Detailed Report, m andated in the O m nibus Budget R econ ciliation A ct of 1990. Theory and the real world 56 c pi Major agreements expiring next month This list of collective bargaining agreements that expire in June is based on information collected by the Bureau’s Office of Compensation and Working Conditions. It includes agreements covering 1,000 workers or more. Private industry is arranged in order of Standard Industrial Classifi cation. Labor organizations bsted are affiliated with the AFL-CIO, except where noted as independent (Ind.). Associated General Contractors of Califor nia, Inc., northern California; Carpenters, 3,000 workers Associated General Contractors of Califor nia, Inc., northern California; Operating Engi neers, 15,000 workers Independent building contractors, Cove, NY; Carpenters, 1,200 workers Glen Independent dock builders agreement, New York and New Jersey; Carpenters, 2,000 work ers Associated General Contractors of Califor nia, northern California; Teamsters, 1,000 workers Keystone Building Contractors Association, Inc. and Associated General Contractors of America, Inc., western Pennsylvania; Laborers, 1,500 workers Associated General Contractors of New Jersey and others, New Jersey and New York; Operating Engineers, 5,000 workers Mechanical Contractors Association (steamfitters), New York, N Y ; Plumbers, 3,300 workers Private sector Building Construction Agreement, New York, NY; Carpenters, 20,000 workers Mining Building Industry Association and others, northern California; Carpenters, 2,500 workers Mechanical Contractors Association of northern California and others (steamfitters), Contra Costa and Alameda counties, CA; Plumbers, 1,200 workers Kennecott Corp., Utah, various unions, 1,900 workers Construction Allied Building Metal Industries, Inc. (orna mental, architectural, and miscellaneous iron work), New York, NY; Iron Workers, 1,200 workers Allied Building Metal Industries, Inc. (struc tural iron work), New York, NY; Iron Workers, 2,500 workers Cement League, New York, NY; Iron Work ers, 1,300 workers Cement League and independent contrac tors, New York, NY; Laborers, 2,800 workers Construction Employers Association and three other associations, northern California; Carpenters, 14,000 workers Elevator Manufacturers Association, New York, NY; Elevator Constructors, 1,800 workers Metropolitan New York Drywall Contrac tors Association, Inc., New York, NY; Carpen ters, 2,500 workers Nassau and Suffolk Contractors Association (heavy-highway agreement), New York, NY; Operating Engineers, 1,000 workers Northern California Contractors Associ ation, northern California; Carpenters, 2,000 workers Plumbing and Air Conditioning Contractors of Arizona, statewide; Plumbers, 2,000 workers Associated Brickmason Contractors of Greater New York, New York, NY; Bricklay ers, 1,700 workers Fox River Valley General Contractors Asso ciation (commercial building agreement), Kane, Kendall, and McHenry counties, IL; Carpenters 1,000 workers Associated Building Contractors of North western Ohio, Inc., northwest Ohio; Carpen ters, 1,900 workers General Contractors Association of New York, Inc. (excavation and foundation work), New York, NY; Laborers, 3,000 workers Associated General Contractors and Pile driving Contractors Association, northern California; Carpenters, 1,000 workers General Contractors Association of New York, Inc. (pavers and road builders), New York, NY; Laborers, 1,200 workers Associated General Contractors of America, Inc., northern Nevada; Carpenters, 1,000 workers General Contractors Association of New York, Inc., New York, NY; Operating Engi neers, 3,000 workers Associated General Contractors of Califor nia and Southern California Mechanical Con tractors Association, southern California; Plumbers, 4,500 workers General Contractors Association of New York, other employer associations, and inde pendent companies, New York, N Y ; Carpen ters, 1,300 workers Sheet Metal Contractors Association of Washington, DC; Sheet Metal Workers, 1,500 workers Associated General Contractors of Califor nia, Inc. and others (outside agreement), north ern California; Laborers, 12,000 workers Highway Contractors, Inc. (heavy-highway agreement), Kentucky; Laborers, 4,000 workers Structural Steel and Ornamental Iron Asso ciation of New Jersey, Inc., northern New Jersey; Iron Workers, 3,500 workers https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Plumbing and Piping Industry Council, southern California; Plumbers, 10,000 workers Residential Contractors Employers Council (residential agreement), Chicago, IL; Carpen ters, 14,000 workers Resilient floor coverers, New York, NY; Carpenters, 1,500 workers Seven associations of area contractors (build ing agreement), Nassau and Suffolk counties, NY; Laborers, 2,000 workers Sheet Metal and Air Conditioning Contrac tors Association, Kansas City, MO; Sheet Metal Workers, 1,100 workers Monthly Labor Review May 1993 57 Major Agreements Expiring Next Month Food and kindred products Transportation Health services Michigan Sugar Co., Michigan; Grain Mill ers, 1,100 workers American Maritime Association (unlicensed seamen), interstate; Seafarers, 4,500 workers Smithfield Packing Co., Smithfield, Food Processors (Ind.), 1,200 workers Flint Hurley Hospital (clerical), Flint, M l; State, County and Municipal Employees, 1,000 workers workers va ; M TL, Inc., Honolulu, H i; Teamsters, 1,150 Wholesale Bakers Group (drivers), southern California; Teamsters, 2,000 workers Public utilities Apparel and other textile products Georgia Power Co., statewide; Electrical Workers ( i b e w ), 6,000 workers Lingerie Manufacturers Association of New York, Inc.; Negligee Manufacturers Associ ation of New York, Inc.; and Allied Underwear Association, Inc., New York, NY; Ladies’ Gar ment Workers, 3,000 workers Lumber and wood products Manufacturing Woodworkers Association of Greater New York, New York, NY; Carpen ters, 3,000 workers Paper and allied products International Paper Co., Erie, PA ; Paperworkers, 1,000 workers James River Corp., Berlin, N H ; Paperworkers, 1,250 workers Proctor and Gamble Paper Products Co., Green Bay, wi; Paperworkers, 1,300 workers Chemicals and allied products Johnson & Johnson Products, Inc. and Ethicon, Inc., New Brunswick, NJ; Clothing and Textile Workers, 1,200 workers Union Electric Co. (office, sales, clerical and technical), St. Louis, MO; Electrical Workers ( i b e w ), 1,200 workers Union Electric Co. (operating and mainte nance), St. Louis, MO; Operating Engineers, 1,550 workers Union Electric Co. (outside and physical), St. Louis, MO; Electrical Workers ( i b e w ), 1,467 workers Wholesale and retail trade Hawaii State (institutional health and cor rectional unit), Honolulu, HI; State, County and Municipal Employees, 1,950 workers Oregon State (nurses), Statewide; Oregon Nurses Association (A N A -In d .), 1,100 workers Oregon State Health Science University, Portland, Oregon; Oregon Nurses Association (A N A -In d .), 1,000 workers Pennsylvania State (nonsupervisory nonpro fessional social and rehabilitation), Pennsylva nia; State, County and Municipal Employees, 10,000 workers Pennsylvania State (supervisory professional social and rehabilitation), Pennsylvania; Ser vice Employees, 2,000 workers Wisconsin State (registered nurses), state wide; Nurses (A N A -In d .), 1,500 workers Education Almacs, Inc., Massachusetts and Rhode Is land; Food and Commercial Workers, 3,000 workers Alachua County public schools (teachers), Alachua County, FL; Teachers ( a f t ), 1,600 workers Schnucks Markets, National Supermarkets, and Dierbarges, St. Louis, MO; Food and Com mercial Workers, 2,300 workers Albuquerque Public School District (educa tional assistants), Albuquerque, NM; Teachers (A FT), 1,700 workers Finance, insurance, and real estate Aoine Arundel County public schools (bus drivers and other noninstructional employees), Anne Arundel County, M D; State, County and Municipal Employees, 1,400 workers John Hancock Mutual Life Insurance Co., interstate; Food and Commercial Workers, 3.000 workers Anne Arundel County public schools (in structional aides, clerical, and technical em ployees), Anne Arundel County, M D; Secretary and Aides Association (Ind.), 1,100 workers Martin Marietta Energy Systems, Inc., Oak Ridge, TN ; Atomic Trades and Labor Council, 3,400 workers Services Primary metal industries Alliance of Motion Picture and Television Producers, interstate; Directors Guild, 3,600 workers Anne Arundel County public schools (teach ers), Anne Arundel County, M D; Education (N E A -In d .), 4,000 workers Cedars-Sinai Medical Center, Los Angeles, Anoka-Hennepin Independent School Dis trict (teachers), Coon Rapid, M N; Anoka-Hen nepin Education Association (Ind.), 2,200 workers Stockham Valves & Fittings, Inc., Birming ham, AL; Steelworkers, 1,100 workers CA; Service Employees, 1,400 workers Fabricated metal products Swedish Hospital Medical Center, Seattle, ; United Staff Nurses Union (Ind.), 1,150 workers Aluminum Company of America, Cleve land, OH; Automobile Workers, 1,000 workers w a Machinery, except electrical Temple University (clerical and office), Phil adelphia, PA; Hospital and Health Care Em ployees (Ind.), 1,400 workers Copeland Corp., Sidney, OH; Electronic Workers (lU E ), 1,200 workers Unisys Corp., St. Paul, M N; Electrical Workers ( i b e w ), 1,080 workers Textile Rental Services Association, Los A n geles, CA; Laundry and Dry Cleaning Union, 3.000 workers Transportation equipment Public sector Bell Helicopter Textron, Inc., Fort Worth, TX; Automobile Workers, 2,800 workers Huffy Corp., Celina, OH; Steelworkers, 1,667 workers Rockwell International Corp., Aerospace Group, interstate; Automobile Workers, 7,500 workers 58 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Transportation and public utilities Baltimore Transit Authority (operators and mechanics), Baltimore, M D; Transit Union ( a t u ), 2,100 workers New Jersey Transit Authority, Maplewood, N J; Transit Union ( a t u ), 4,000 workers Aurora County public schools (teachers), Aurora County, CO; Aurora Education Associ ation (N E A -In d .), 1,580 workers Baltimore city public schools (paraprofessionals), Baltimore, M D; Teachers (a f t ), 1,600 workers Baltimore city public schools (teachers), Bal timore, MD; Teachers (a f t ), 6,700 workers Baltimore County Board of Education (cleri cal and aides), Baltimore County, M D; Educa tion (N E A -In d .), 1,100 workers Baltimore County Board of Education (maintenance and bus drivers), Baltimore County, M D; State, County and Municipal Em ployees, 2,000 workers Baltimore County Board of Education (teachers), Baltimore County, M D; Education (N E A -In d .), 6,800 workers Teachers Association (N E A -In d .), 7,000 work ers Bay County public schools (teachers), Bay County, FL; Education (NEA-Ind.), 1,400 workers Hamilton County public schools (teachers), Hamilton County, TN; Education (N E A -In d .), 1,300 workers Billings public schools (teachers and related professionals), Billings, MT; Billings Education Association (NEA-Ind.), 1,059 workers Hawaii State public schools (teachers), H i; statewide Teachers Association (N E A -In d .), 9,100 workers Brevard County public schools (classified workers), Brevard County, FL; Painters, 2,500 workers H i; University of Hawaii Professional Assem California State University (unit 3-faculty), California; California Faculty Association (Ind.), 19,000 workers Hayward Board of Education (teachers), Hayward, c a ; Education (N E A -In d .), 1,000 workers Palm Beach County public schools (teach ers), Palm Beach County, FL; Palm Beach County Teachers Association (N E A -In d .), 7.100 workers Carroll County Board of Education (teach ers), Carroll County, M D; Education (N E A Ind.), 1,367 workers Hennepin County public schools (teachers), Hennepin County, M N; Teachers (A FT), 1,200 workers Pennsylvania State colleges (faculty and administrators), PA; Teachers ( a f t ), 4,500 workers Chattanooga public schools (teachers), Chattanooga, TN; Education (NEA-Ind.), 1,400 workers Howard County Board of Education (teach ers), Howard County, M D; Education (N E A Ind.), 2,200 workers Clark County Board of Education (classi fied), Clark County, NV; Education Support Employees Association (Ind.), 5,283 workers Indiana State University (maintenance unit), Bloomington, IN ; State, County and Municipal Employees, 1,400 workers Clark County Board of Education (teachers), Clark County, NV; Clark County Classroom Teachers Association (N E A -In d .), 6,586 work ers Leon County public schools (teachers), Leon County, FL; Education (N E A -In d .), 1,800 workers Compton Board of Education (teachers), Compton, c a ; Education (N E A -In d .), 1,300 workers D a v e n p o rt p u b lic sch o o ls (te a c h ers), D a v e n p o rt, IA ; E d u c a tio n (N E A -In d .), 1,250 w o rk e rs Davis County Board of Education (classi fied), Davis County, UT; Utah School Em ployees Association (Ind.), 2,000 workers Davis County Board of Education (teach ers), Davis County, UT; Davis County Educa tion Association (N E A -In d .), 2,400 workers Eastern Oregon State College (general unit), La Grande, OR; Service Employees, 2,350 workers Escambia County public schools (teachers), Escambia County, FL; Education (NEA-Ind.), 2,500 workers Eugene public schools (teachers), Eugene, OR; Education (N E A -In d .), 1,100 workers E v an sv ille p u b lic sch o o ls (te a c h ers), E v a n s ville, IN ; E d u c a tio n (N E A -In d .), 1,300 w o rk e rs Florida State University (graduate assis tants), Tallahassee, FL; United Faculty of Flori da (N E A -In d .), 3,200 workers Florida State University (operations ser vices), Tallahassee, FL; State, County and Municipal Employees, 10,800 workers Fontana Unified School District (teachers and counselors), Fontana, c a ; Education (N E A -In d .), 1,200 workers Fresno public schools (clerical and teachers aides), Fresno, CA; California State Employees Association (SEIU), 1,700 workers https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Hawaii State University (faculty), Honolulu, bly, 2,900 workers Minneapolis Board of Education (teachers), Minneapolis, M N; Teachers ( a f t ), 3,000 workers Minnesota State community colleges (facul ty), M N; Minnesota College Faculty Associ ation (Ind.), 2,300 workers Montgomery County Board of Education (school support services), Montgomery County, M D; Montgomery County Council of Supporting Service Employees (Ind.), 6,500 workers Orange Unified School District (teachers and administrators), Orange County, CA; Orange Unified Education Association (Ind.), 1,150 workers Orleans Parish public schools (teachers), Orleans Parish, LA; Teachers (A FT), 5,034 workers pa Pennsylvania State University (technical), ; Teamsters, 2,500 workers Phoenix Union High School District (teach ers), Education (N E A -In d .), 1,270 workers Pinellas County public schools (clerical), Pi nellas County, FL; Education (N E A -In d .), 1,300 workers Portland public schools (custodians, bus drivers, crafts, and trades), Portland, OR; District Council Union of Trade and Service Employees (Ind.), 1,900 workers Portland public schools (classified), Port land, OR; Portland Federation of Teachers and Classified Employees (Ind.), 1,400 workers Richmond Unified School District (noninstructional employees), Richmond, CA; Public Employees Association (Ind.); 1,000 workers Richmond Unified School District (teach ers), Richmond, CA; Education (NEA-Ind.), 1,350 workers Montgomery County Board of Education (teachers), Montgomery County, M D; Educa tion (N E A -In d .), 7,200 workers Rochester Board of Education (classified), Rochester, NY; State, County and Municipal Employees, 1,400 workers Moreno Valley Unified School District (cer tificated personnel), Moreno Valley, CA; More no Valley Education Association (N E A -In d .), 1,200 workers Rosemount-Apple Valley-Eagan School Board (teachers), Rosemount, M N; Rosemount Federation of Teachers (N E A -In d .), 1,250 workers Nashville public schools (teachers), Nash ville, TN ; Metropolitan Nashville Education Association (N E A -In d .), 4,300 workers Salem public schools (classified employees), Salem, OR; Oregon Employees Association (Ind.), 1,000 workers New Rochelle public schools (teachers and related employees), New Rochelle, NY; New York Federation of United School Employees (Ind.), 1,000 workers Salem public schools (teachers), Salem, OR; Education (N E A -In d .), 1,500 workers Okaloosa County public schools (teachers aides, cafeteria, bus drivers, clerical, and custo dial), Okaloosa County, FL; Education (N E A Ind.), 1,150 workers Oklahoma City Board of Education (support group), Oklahoma City, OK; A FT (formerly Oklahoma Federation of Classified Employees-Ind.), 1,750 workers Orange County public schools (teachers), Orange County, FL; Orange County Classroom Salt Lake City public schools (teachers), Salt Lake City, UT; Salt Lake Teachers Association (Ind.), 1,300 workers Seminole County Board of Education (teachers), Seminole County, FL; Education (N E A -In d .), 2,300 workers Shawnee Mission public schools (teachers), Shawnee Mission, KS; Education (N E A -In d .), 2.100 workers South Dakota Board of Regents State Col leges, Pierre, SD; Education (N E A -In d .), 1,500 workers Monthly Labor Review May 1993 59 Major Agreements Expiring Next Month St. Louis County public schools (teachers), St. Louis County, MN; Duluth Federation of Teachers ( a f t ), 1,100 workers Hawaii State (blue collar unit-12), state wide; State, County and Municipal Employees, 7,700 workers Pennsylvania State (clerical), statewide; State, County and Municipal Employees, 1,650 workers St. Paul Board of Education (teachers), St. Paul, M N; St. Paul Federation of Teachers ( a f t ), 2,600 workers Hawaii State (nonsupervisory white collarunit 3), statewide; State, County and Municipal Employees, 11,000 workers Pennsylvania State (clerical, administrative, and fiscal), statewide; State, County and Mu nicipal Employees, 16,650 workers Sweetwater High School District (teachers), Chula Vista, c a ; Education (N E A -In d .), 1,400 workers Hawaii State (professional and scientificunit 13), statewide; State, County and Municipal Employees, 4,600 workers Tucson public schools (teachers), Tucson, Iowa State (blue collar), statewide; State, County and Municipal Employees, 6,000 workers Pennsylvania State (engineers, scientists, and nonsupervisory professionals), statewide; State, County and Municipal Employees, 1,150 workers AZ; Education (NEA-Ind.), 3,200 workers University of Connecticut (faculty), Storrs, CT; University Professors (Ind.), 1,300 workers University of Maine (faculty), Bangor, ME; Education (NEA-Ind.), 1,250 workers University of Massachusetts (professionals), Amherst, MA; Service Employees, 1,100 workers University of Minnesota (cafeteria, custo dians, and maintenance), St. Paul, M N; Team sters, 1,650 workers University of Wisconsin (teaching and pro gram assistants), Madison, wi; Teachers ( a f t ), 2,300 workers Utica Community schools (teachers), Utica, M I, Education (N E A -In d .), 1,200 workers Volusia County public schools (custodians, cafeteria, maintenance, and bus drivers), Volu sia County, FL; State, County and Municipal Employees, 1,452 workers Washington County public schools (teach ers), Washington County, M D; Education (N E A -In d .), 1,100 workers Waterbury public schools (teachers and related professionals), Waterbury, CT; Educa tion (N E A -In d .), 1,100 workers Woodbridge public schools (teachers, re lated professionals, and support personnel), Woodbridge, NJ; Woodbridge Township Edu cation Association (Ind.), 1,450 workers Public administration Albuquerque (general unit), Albuquerque, NM ; State, County and Municipal Employees, 1,356 workers Anne Arundel County (general unit), Anne Arundel County, MD; State, County and Mu nicipal Employees, 1,220 workers Baltimore County (white collar), Baltimore County, MD; State, County and Municipal Em ployees, 1,800 workers Clark County (general unit), Clark County, NV; Clark County Public Employees Associ ation (Ind.), 2,500 workers Cuyahoga County Welfare Department (general unit), Cuyahoga County, OH; State, County and Municipal Employees, 1,560 workers 60 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Iowa State (clerical), statewide; State, County and Municipal Employees, 6,400 workers Iowa State (fiscal and staff), statewide; State, County and Municipal Employees, 1,000 workers Pennsylvania State (first level supervisory), statewide; State, County and Municipal Em ployees, 4,500 workers Pennsylvania State (human services), state wide; State, County and Municipal Employees, 15,400 workers Pennsylvania State (liquor store clerks-unit M l), statewide; Food and Commercial Workers, 2,500 workers Iowa State (professional social services), sta tewide; State, County and Municipal Em ployees, 2,000 workers Iowa State (technical), statewide; State, County and Municipal Employees, 6,000 workers Las Vegas (general unit), Las Vegas, NV; Las Vegas Employees Association (Ind.), 1,000 workers Minnesota State (professionals), statewide; Minnesota Association of Professional Em ployees (Ind.), 6,833 workers Minnesota State (general unit), statewide; State, County and Municipal Employees, 18,936 workers Minnesota State (general supervisory), state wide; Middle Management Association (Ind.), 2,600 workers Monterey County (various classifications), Monterey County, CA; Service Employees, 1,450 workers Montgomery County (office, professional, and technical), Montgomery County, MD; Food and Commercial Workers, 2,300 workers Montgomery County (service, labor, and trades), Montgomery County, M D; Food and Commercial Workers, 1,300 workers Nebraska State (maintenance trades and technical), statewide; State, County and Munic ipal Employees, 9,000 workers Pennsylvania State (maintenance and trades), statewide; State, County and Municipal Employees, 10,900 workers Pennsylvania State (nonprofessional techni cal), statewide; State, County and Municipal Employees, 1,800 workers Pennsylvania State (nonsupervisory nonpro fessional inspection, investigation, and safety), statewide; State, County and Municipal Em ployees, 1,200 workers Pennsylvania State (professional, adminis trative, and fiscal), statewide; State, County and Municipal Employees, 1,600 workers Pennsylvania State (supervisory mainte nance and trades employees), statewide; State, County and Municipal Employees, 1,400 workers Riverside County (clerical support services), Riverside County, c a ; Riverside County Em ployees Association (Ind.), 3,000 workers Riverside County (inspection and techni cians), Riverside County, CA; Riverside County Employees Association (Ind.), 1,000 workers Riverside County (professionals), Riverside County, CA; Riverside County Employees Association (Ind.), 1,200 workers Riverside County (trades, crafts, and labor ers), Riverside County, c a ; Riverside County Employees Association (Ind.), 1,000 workers Orange County (clerical), Orange County, CA; Orange County Employees Association (Ind.), 3,200 workers San Bernardino County (administrative and services), San Bernardino County, CA; San Ber nardino Public Employees Association (Ind.), 1,000 workers Orange County (general unit), Orange County, CA; Orange County Employees Asso ciation (Ind.), 2,850 workers San Bernardino County (clerical), San Ber nardino County, c a ; San Bernardino Public Employees Association (Ind.), 2,300 workers Orange County (management supervisors), Orange County, CA; Orange County Em ployees Association (Ind.), 1,200 workers San Bernardino County (professionals), San Bernardino County, CA; San Bernardino Public Employees Association (Ind.), 1,150 workers Oregon State (general unit), statewide; Ser vice Employees, 17,000 workers San Bernardino County (technicians and inspectors), San Bernardino County, CA; San Bernardino Public Employees Association (Ind.), 1,850 workers San Diego city (maintenance, skilled trades, and heavy equipment operators), San Diego, CA; State, County and Municipal Employees, 2,100 workers San Diego city (white collar), San Diego, CA; , Municipal Employees Association (Ind.), 3,700 workers San Jose (clerical and support staff), San Jose, CA; State, County and Municipal Em ployees, 2,100 workers Toledo (general unit), Toledo, OH; State, County and Municipal Employees, 1,000 workers Ventura County (general unit), Ventura County, CA; Service Employees, 4,300 workers Wisconsin State (blue collar), statewide; State, County and Municipal Employees, 4,615 workers Wisconsin State (clerical and related), state wide; State, County and Municipal Employees, 7,997 workers Wisconsin State (engineers), staewide; Engi neers and Architects (Ind.), 1,125 workers Wisconsin State (science professionals), statewide; Teachers (A FT), 1,100 workers https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Wisconsin State (social services), statewide; State, County and Municipal Employees, 2,200 workers Wisconsin State (technical employees), statewide; State, County and Municipal Employees, 5,036 workers Protective services Hawaii State (firefighters-unit 11), Hawaii; Fire Fighters, 1,550 workers Hawaii State (police), Hawaii; State of Hawaii Organization of Police (Ind.), 2,000 workers Indiana State (police), Indiana; Indiana State Police Alliance, Conservation, and Excise Coalition, Inc. (Ind.), 1,160 workers ; Iowa State (security), Iowa; State, County and Municipal Employees, 2,000 workers Baltimore city (police), Baltimore, MD; Police (F O P -In d .), 3,000 workers New Jersey (state troopers), New Jersey; State Troopers Fraternal Association of New Jersey, Inc., 1,450 workers Baltimore city (firefighters), Baltimore, Fire Fighters, 1,450 workers m d Baltimore County (firefighters), Baltimore County, M D; Fire Fighters, 1,000 workers Baltimore County (police), Baltimore County, M D; Police (F O P -In d .), 1,400 workers Pennsylvania State (nonsupervisory correc tional officers and aides), Pennsylvania; State, County and Municipal Employees, 1,900 workers Connecticut State (police), Connecticut; Connecticut State Police Union (Ind.), 1,000 workers Riverside County (sheriffs and correction of ficers), Riverside County, CA; Riverside County Sheriffs Association (Ind.), 13,765 workers Florida State (law enforcement), Florida; Florida Police Benevolent Association (Ind.), 2,700 workers San Diego city (police), San Diego, CA; Public Officers Association (Ind.), 1,800 workers Florida State (security and correction offi cers), Florida; Police Benevolent Association (Ind.), 13,765 workers Wisconsin State (public safety and security), Wisconsin; State, County and Municipal Em ployees, 3,600 workers Monthly Labor Review May 1993 61 Developments in industrial relations Boeing settles on second try Members of the Seattle Professional Engineering Employees Association, in a second ratification vote, accepted the same 3-year collective bargain ing agreements they rejected last December. The pacts covered about 15,000 scientists and engineers and 13,400 technical employees in Cali fornia, Florida, Oregon, Texas, Utah, and Washington. Wages, cost-of-living adjustments, medical benefits, and job security were key bargaining issues in the negotiations. The union had sought salary adjustments to bring engineers’ and technical workers’ pay up to in dustry averages, full cost-of-living protection, improved health care coverage, an agency fee provision requiring nonunion workers to pay for the services the union must pro vide as their bargaining agent, time and one-half or double-time for over time, and career development for professional employees. Terms of the contract for the tech nical unit called for general wage in creases of 4 percent in the first year and 2 percent in each of the following 2 years, as well as selective salary ad justments (potential merit pay in creases) of 5 percent in the first year and 3 percent in each of the following 2 years. The agreement for the profes sional unit provided selective wage adjustments of 3 percent in December 1992 and June 1993, followed by four semiannual adjustments of 2.5 per cent. In addition, both contracts con tinued cost-of-living clauses and in cluded, in the first year, a lump-sum “Developments in Industrial Relations” is pre pared by Michael H. Cimini and Susan L. Behrmann o f the Division of Developments in Labor-Management Relations, Bureau of Labor Statistics, and is largely based on infor mation from secondary sources. 62 bonus equal to 6 percent of an em ployee’s qualified earnings. Boeing agreed to continue to pay the full costs of medical and dental coverage for employees and their dependents, with no change in de ductibles. Negotiators made several changes in medical and dental benefits, some involving cost-contain ment measures. They agreed to offer a preferred provider organization health care plan with 100-percent coverage after the employee reaches the deductible. The parties increased employee copayments for health in surance benefits from 20 percent to 30 percent of costs for nonpreferred pro vider physicians and hospitals in areas with preferred provider organiza tions, with maximum out-of-pocket expenses of $1,000 for individual coverage and $2,000 for family coverage. Negotiators established a preferred pharmacy drug card pro gram, with reimbursement at 90 per cent for purchases of generic drugs and 80 percent for brand name drugs when the drug card is used and 70 per cent when the drug card is not used; instituted a new referral service for substance abuse, mental health, and eating disorders, effective in May 1993; and enhanced dental benefits by updating the covered benefit amounts and increasing the annual dental max imum from $1,500 to $2,000 and the lifetime orthodontic maximum from $1,500 to $1,700. The parties negotiated several changes in other benefit areas. Em ployees would be paid for half of unused sick leave accrued at the time of retirement or death. They also would receive the highest retirement benefits calculated by the basic benefit formula, the current alternate formu la, or the pre-1989 alternate benefit formula. Employees opting for basic formula benefits would receive $35 a Monthly Lahor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis month, up from $30, for each year of credited service. Participants in the Voluntary Investment Plan would have more flexible rollover options to contribute to, or withdraw from, IRA’s and other qualified plans, would be able to borrow up to 50 percent of the total vested value of their accounts, and would be eligible to carry two loans against their accounts at one time. Other terms retained the mainte nance of membership clause, but with one open period instead of two; pro vided 36 holidays over the term of the contract; eliminated the union’s right to grieve jurisdictional disputes; es tablished a joint committee on Over sight of Cooperative Initiatives, such as career enhancement, alcohol and drug abuse, and performance man agement; removed the labor grade re duction provision in the professional unit’s contract; and enhanced union security provisions. Boeing recently completed a year long program cutting 9,000 jobs through attrition and layoffs. The company also recently announced that it would cut between 15,000 and 20,000 additional jobs this year and expects to eliminate more next year. The reductions result from the elimi nation of three missile programs, the scaling back of production of the B-2 stealth bomber, and cutbacks in the production of the 737 commercial jet. Rohr, Machinists settle Negotiators for Rohr Industries, Inc. and Locals 755 and 964 of the Inter national Association of Machinists signed 3-year collective bargaining agreements covering 3,170 pro duction and maintenance workers in Riverside and Chula Vista, CA. Rohr manufactures engine systems and components for aircraft and solid rocket motors. The contracts called for lump-sum bonuses of $600 in April 1993 and $1,000 in August 1993; wage in creases of 2.5 percent in August 1994 and 3 percent in August 1995; and continuation of a cost-of-living clause that provides quarterly adjustments equal to 1 cent an hour for each 0.3-point increase in the Consumer Price Index for Wage Earners and Clerical Workers (CPI-W). The parties agreed to offer employees a choice of four health care plans, including the Aetna Select Choice 80 Percent Plan. This plan features primary care physicians asso ciated with hospitals and medical groups in San Diego County, with em ployee copayments of 20 percent, to a maximum of $850 annually per in dividual and $1,700 per family, a $10 copayment for doctor’s office visits, a $15 emergency room copayment, and a $10 prescription copayment. Nego tiators also replaced one of their dental plans with a new optional pre paid dental plan and retained the Rohr dental plan with no further employee contributions. Negotiators changed several other benefits: they increased the monthly pension rate, from $30 to $33 per year of credited service; boosted life insurance and optional accidental death and dismemberment benefits from $16,000 to $19,000; and estab lished an optional long-term disability plan, with two-thirds pay for up to 90 days and a 50-50 split of premiums. Bargainers also raised employees’ maximum weekly investment in the savings plan, from $30 to $35, and reduced Rohr’s matching of em ployees’ investment in the plan, from 50 to 25 percent. Other terms included changing and combining job classifications, which may result in upgrades for many employees; improving paid vacations and vacation accrual; eliminating the required 5-day notice for personal leave; and enhancing provisions for transfer requests, leave of absence, and seniority rights in layoffs. Container manufacturers settle The United Steelworkers’ Container Industry Conference approved settle https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ments with two major container man ufacturers, American National Can Co. and Crown, Cork, and Seal Co. The 5-year collective bargaining agreements cover nearly 4,000 pro duction and maintenance workers nationwide. The pacts called for wage increases of 1 percent in 1995 and 1996, and quarterly cost-of-living adjustments (COLA’s) equal to 1 cent an hour for each 0.3-point increase in the Con sumer Price Index for Wage Earners and Clerical Workers. COLA pay ments in the first 2 years will be rolled-in to the basic wage rates in the third year. Negotiators made several changes in health care. At American National Can, they instituted a new managed health care plan, including substance abuse and psychiatric treatment pro grams, with participants’ costs lim ited to $10 per office visit and non participants’ costs to 10 percent of medical expenses up to a maximum of $1,000 a year for single coverage and $2,000 a year for family coverage. Employees in areas where a managed health care program cannot be estab lished would retain “first dollar cover age.” The contract continued the group health care plan at Crown, Cork, and Seal, but made some modifications. Negotiators added substance abuse and psychiatric treatment programs, increased the lifetime maximum on major medical benefits from $50,000 to $500,000, established annual maximum out-of-pocket expenses of $1,000 for individual coverage and $1,500 for family coverage, and raised the annual deductible from $50 to $100 per individual. Other changes in benefits included a $3 increase in the monthly pension rate (to between $27.50 and $31.50 at American National Can and $28.50 and $32.50 at Crown, Cork, and Seal) per year of credited service, a $14,000 increase (to $40,000) in life insurance benefits, a $75 increase (to between $310 and $370 a week) in accident and sickness benefits, and a $3,500 in crease (to $7,500) in accidental death and dismemberment benefits. The contract also established joint com mittees to study issues related to job security, productivity, and labormanagement communications. Flight attendants settle at USAir Negotiators for USAir and the Asso ciation of Flight Attendants ended 12 days of marathon bargaining sessions with agreement on a 45-month labor contract, covering some 9,000 flight attendants nationwide. The major sticking points in negotiations were the carrier’s proposals to cut wage rates temporarily, force new em ployees to contribute to health care costs and pension funding, and extract other cost-saving measures. Negotiations began in the summer of 1989 to replace a contract that became amendable in August of that year. The talks were conducted under the Railway Labor Act, the Federal law that governs collective bargaining in the airline industry. The settlement was reached with the assistance of the National Mediation Board, the Fed eral agency that administers the act. The pact called for 1-year wage cuts of up to 2.9 percent for senior (Ascale) flight attendants and of less than 1 percent for less senior (B-scale) flight attendants, followed by wage in creases in April 1994, January 1995, and January 1996 that would raise USAir flight attendants’ pay to indus try standards. In addition, the con tract would halt the longevity pro gression for senior flight attendants at their current step for 1 year, and add a 14th step to their progression after that year. The contract also established a managed health care plan identical to the one negotiated by the Pilots and Machinists, the two other unions at the carrier, with employee contribu tions of $38 a month for participants for family coverage and $107 a month for nonparticipants. The terms also included new stock-option and profitsharing plans to compensate flight attendants for the 1-year pay and benefit cuts; use of the highest earnings in 3 of the last 10 years, instead of only the last year, to com pute pension benefits; an agreement to allow pregnant flight attendants to continue working until a doctor certifies disability; and a 9-month Monthly Labor Review May 1993 63 Developments in Industrial Relations moratorium on imposing the carrier’s weight restrictions policy. US Air had settled in 1992 with the Air Line Pilots Association and the Machinists. The parties traded off similar cost-saving measures, such as 1-year wage cuts, benefit contribu tions, and work rules changes, for enhanced job security and stockoption and profit-sharing plans. (See Monthly Labor Review, August 1992, pp. 60-61 and January 1993, p. 28.) Shipyard agreement Litton Industries’ Ingalls Shipbuild ing Division and the Metal Trades Council, bargaining for nine local unions, reached agreement on a 3-year labor contract covering some 10,000 workers at the company’s shipyard in Pascagoula, MS. The unions represented by the council included locals of the Boilermakers and Forgers; Plumbers and Pipefit ters; Machinists; Operating Engi neers; Sheet Metal Workers; Labor ers; Teamsters; Carpenters and Join ers; and Painters. Terms of the new contract called for wage increases of 55 cents an hour immediately, 32 cents an hour in Feb ruary 1994, and 35 cents an hour in February 1995. At the time the new contract was signed, the average wage rate for these metal trades workers was $12.48 an hour. Negotiators changed several bene fits. They froze the defined contribu tion pension plan and established a tax-deferred supplemental pension in vestment program effective in June 1993, under which employees can in vest up to 14 percent of their earnings (the company will not make matching contributions); increased employee payments toward health insurance premiums by $10 over the term of the contract (to $35 a month); changed deductibles for major medical bene fits, from $300 for single coverage and $400 for family coverage to a flat rate of $325 for all types of coverage; and increased life insurance benefits from $15,000 to $18,000 and weekly sick ness and accident benefits from $160 to $175 over the term. 64 Nursing homes approve accord Negotiators for Beverly Enterprises, the Nation’s largest nursing home chain, and three locals of the Service Employees International Union sign ed 3-year collective bargaining agree ments covering 1,500 workers at 18 nursing homes in Pennsylvania. The union hoped to use the settlements, which provide wage and health care benefit increases and funding for po tential pension plans, as a pattern for contracts that cover an additional 3,500 nursing home employees in Pennsylvania. The major sticking point in negotiations involved the union’s proposal to establish a pen sion plan. The contracts called for wage in creases ranging from between 21 per cent and 41 percent over the term of the agreement, with larger increases going to employees of four recently organized nursing homes. The aver age hourly rate for employees at previously organized homes ranged between $6.50 and $7.50. Although the unions were unable to negotiate a defined benefit pension plan, the company agreed to begin contributing 5 cents per hour for each employee in the second year of the contract and 10 cents per hour in the third year, while the company conducts a pension plan feasibility study. The funds initially would be put in a savings plan, bank account, or other mutually acceptable investment until the company completes its re view of the pension proposal. The company’s agreement to contribute to an investment program “sets the stage for establishing a pension, something that...has been missing in the private, for-profit nursing home sector,” ac cording to the union’s chief nego tiator. The union also was able to negoti ate enhanced health care benefits and extend them to all employees. Em ployees under the optional health maintenance organization plans, which have been established only in urban areas, would have their biweek ly contributions toward health insur ance premiums reduced from varying levels to $15 for single coverage, $20 for an employee with one child, $30 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis for an employee and spouse, and $40 for family coverage. Effective in July 1994, equivalent benefits will be pro vided to employees in rural areas. The settlement also called for each nursing home to establish a health and safety committee with authority to investigate conditions and make rec ommendations subject to the con tracts’ grievance procedures; en hanced sick leave policy; and im proved paid vacations. Wage cuts pave way for buyout Members of two locals of the United Food and Commercial Workers rati fied collective bargaining agreements providing for wage cuts necessary to ensure a buyout by the Great Atlantic & Pacific Tea Co. (A&P) of Grand Union Co.’s 48 Big Star grocery stores in the Atlanta, GA, area. A&P previously had a small market share in the Atlanta area, with only 16 stores, and needed additional stores to compete more effectively with Kroger and Winn-Dixie, the area’s two largest grocery chains. The company had indicated that it would sell off its stores, possibly to a nonunion operator, or close the stores. The unions’ main objective in the negotiations was to save as much wages as possible and maintain health and welfare benefits, according to the president of Local 442, which bar gained for nearly 700 meat, deli, bakery, and seafood department em ployees. Terms of the pacts called for wage reductions of up to $2.65 an hour (to $8.30 an hour) in the top rate for retail clerks, with most clerks taking an hourly wage cut of between 10 cents and 50 cents. Higher pay scales for meat, deli, bakery, and seafood de partment employees would be changed from those based on straight time wage rates and sales volume to pay scales based exclusively on straight time wage rates, with reduc tions in rates for most job classifica tions. As such, journeylevel meatcutters’ pay would drop about $2.15 an hour, while junior meatcutters’ rates would increase by about 5 cents to 10 cents an hour. Teamsters settle at Gwaltney Gwaltney of Smithfield and Local 822 of the Teamsters signed a 4-year col lective bargaining agreement covering 1,800 production and maintenance employees and truck drivers at the company’s plants in Smithfield and Portsmouth, VA. Gwaltney is a meat packing company headquartered in Smithfield. The settlement provided general wage increases of 25 cents an hour ret roactive to February 5, 1993, 25 cents an hour in February 1994 and 1995, and 40 cents an hour in February 1996. In addition, the interplant driver job classification was upgraded and its base rate was raised from $7.56 to $9.51 an hour. At the expiration of the previous contract, hourly wage rates ranged from $6.76 to $8.38 for production workers and from $7.96 to $11.79 for maintenance workers. Negotiators made several modifica tions in health and welfare benefits. They increased lifetime maximum medical benefits over the term of the contract from $25,000 to $100,000; disability benefits from $60 to $75 a week; the monthly pension rate for fu ture service from $8 to $10 per year of credited service; and life insurance benefits from $12,000 to $14,000. The parties increased employees’ share of health insurance premiums over the term, from no cost to $4.50 a week for single coverage, from $1.75 to $6.25 a week for an employee with two or fewer dependents, and from $2.93 to $8.25 a week for an employee with more than two dependents. They also increased the health insurance de ductible over the term from $100 per person to $175 for single coverage and $400 for family coverage; and modi fied the employee copayment for pre scription drugs, from $5 per prescrip tion to 10 percent of prescription costs for generic drugs and 20 percent for brand names, up to $5 and $10, respectively, for a 90-day supply. Accord at GTE North Negotiators for GTE North in Wiscon sin and the Communications Workers signed a 3-year collective bargaining agreement covering about 1,250 service, engineering and construction, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and supply department employees and office-clerical workers. The contracts provided wage in creases of 4 percent immediately, 4 percent in January 1994, and 2 percent in January and July 1995. In addition, the settlements upgraded several job classifications, including establishing new jobs such as facility technician and customer care tech nician. The negotiators made several mod ifications in benefits. These changes included an increase in employees’ health care copayments from 10 per cent to 20 percent; the addition of a new supplemental health care pro gram for employees aged 60 to 65; and an increase in annual pension bene fits, from $8,850 to $10,000 for em ployees with 40 years of service, from $6,750 to $7,600 for employees with 30 to 35 years of service, and from $3,600 to $4,000 for employees with between 15 and 20 years of service. Other benefit terms included optional lump-sum pension payoffs; a “living benefit” provision under life insur ance coverage; and optional long term disability coverage. Tropicana negotiates child care age, while retirees’ weekly premiums were increased to $15 and $30, from between $9 and $25. The annual de ductible was boosted over the term by $50, to $150, for single coverage and by $150, to $450, for family coverage. A $3,000 maximum “out-of-pocket” expense limit was established for family coverage. Other changes in cluded a $250,000 increase (to $750,000) in lifetime maximum medi cal benefits; a $200 increase, to $1,200, in lifetime maximum orth odontic benefits; a $5 increase in the vision benefit schedule; and increased reimbursement for generic drugs. Negotiators agreed to several en hancements in other benefits. Life in surance coverage was increased by $5,000, to $20,000, for active em ployees and $1,000, to $8,500, for retirees. In addition, accidental death and dismemberment benefits were raised $10,000, to $40,000 and weekly disability benefits were boosted by $30-$60, to $230-$260. The pension plan was enhanced by adding survi vors benefits for dependent children of deceased employees who were vested participants in the pension plan. Settlements at TWA Members of Local 173 of the Team sters ratified a 3-year collective bar gaining agreement with Tropicana Products, Inc. that provides child care assistance for the first time for the 1,700 workers at the company’s plants in Bradenton and Fort Pierce, FL. Under terms of the pact, Tropica na would provide referral, follow-up, and educational services through Project Child Care. The contract also called for general wage increases of 4 percent in the first year and 3 percent in the second and third years, and annual lump-sum bo nuses equal to 1 percent of an em ployee’s gross earnings. The hourly wage rates ranged from $8.70 to $13.45 before the first wage increase took effect. The contract includes several changes in health care provisions. Ac tive employees’ weekly premiums for health insurance were increased from $2.25 to $3.25 over the term of the agreement for single coverage and from $4.50 to $6.50 for family cover Approximately 25,000 unionized em ployees at TWA, represented by the Air Line Pilots Association, the Inter national Association of Machinists, and the Independent Federation of Flight Attendants, ratified 3-year col lective bargaining agreements that are expected to help the carrier emerge from Federal bankruptcy court pro tection it has been under since January 1992. The pacts also required approval from the Pension Benefit Guaranty Corporation because of the carrier’s alleged $1.2 billion underfunding of employee pension plans. Terms of the agreements call for majority owner and chairman Carl Icahn to relinquish control of the car rier to its creditors and employees in exchange for a 15-percent cut in wages and benefits and changes in work rules advantageous to the air line. TWA’s creditors previously had agreed to waive approximately $1 billion of the $1.5 billion owed in exchange for 55 percent of the carrier’s equity. □ Monthly Labor Review May 1993 65 Book reviews Miners, well off? Soft Coal, Hard Choices: The Econom ic Welfare of Bituminous Coal Min ers, 1890-1930. By Price V. Fishback. New York, Oxford Universi ty Press, Inc., 1992,279 pp. $39.95. An economist, according to one anec dote, looks at something that works and wonders if it would apply in theory. This book, written from an econometric or cliometric view point-stressing hard empirical eco nomic data to describe historical events —could be described similarly. Author Price V. Fishback claims he has destroyed many myths other scholars have created about the lives and culture of coal miners in the United States. His hypotheses offer new insights into the study of the eco nomic history of the coal industry, but they supplement what we already know about the life and work of min ers, rather than provide the definitive answer to questions about this aspect of labor history. As the title implies, Fishback con tends that labor market participants in the soft coal, or bituminous, industry at the turn of the century fared better than workers in most manufacturing settings and had conscious alterna tives to employment in the mines. Based on his findings, high wages, guaranteed housing in rural areas, suf ficient leisure time, and considerable control over the work process made employment in the industry attractive to unskilled and skilled workers. In contrast to these conditions were economic fluctuations in real earning power, poor living conditions in some communities, minimal exploitation at 66 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis the infamous “company store,” and dangerous working conditions. But miners could express their discontent by leaving worksites for better em ployment prospects or by unioniza tion and collective action, according to Fishback. Fishback uses a wealth of qualita tive and quantitative resources to construct this thesis. He has placed his econometric model against the theo ries of other scholars and through extensive analysis, refutes most of their findings that miners toiled under a system of industrial serfdom. Unfor tunately, this provocatively written analysis does not prove its stated purpose. The author’s chapter conclu sions are filled with inconclusive statements that quantitative and qual itative data compilations “possibly show,” “might explain,” and “could be the reasons for” a variety of aspects of worklife. This type of analysis raises more questions than it answers. The book claims its goal is to combine the old and new economic histories, but that link is never formed. In fact, the findings of other schol ars appear to be misinterpreted in some instances to fit the author’s mod el. For example, particular issue is tak en with David Corbin’s findings in Life, Work, and Rebellion: The South ern West Virginia Miners, 1880-1922, concerning abysmal conditions that led miners to join the United Mine Workers of America (UMWA) despite opposition from mine owners who used mercenary police. According to Fishback, even Corbin’s pro-union sympathies cannot conceal the prefer ence of some West Virginia coal min ers for company-sponsored benefits over those offered by the UMWA as proof that conditions were not that bad in the coal communities. But Cor bin’s statement was that Appalachian coal diggers were fiercely independent despite being among the staunchest UMWA members. Soft Coal, Hard Choices tends to cloud analysis to fit a preordained prescription. Following this pattern, some facets of the story appear to have been omitted. For example, Fishback at tributes improved conditions and benefits in many coal mine communi ties not necessarily to “welfare capital ism,” but to good business practices of protecting and maintaining a valuable commodity—the labor factor in the employer-employee equation. He cor rectly notes that this is intended to provide a quality work site and better than average working conditions to counter benefits offered by the UMWA. But Fishback fails to mention that many employers even worked with the UMWA to avoid the more radical de mands of the anticapitalist Industrial Workers of the World, known as the Wobblies. The major problem with this work is not its research, but its format and use of the data findings. Cliometric analysis is not a new concept. It gained limited popularity in the early 1970’s and reached a benchmark in 1974 with the publication of Robert Fogel and Stanely Engerman’s highly controver sial Time on the Cross. Fogel and Engerman concluded that African-Ameri can slaves, based on plantation and local government documentation, suf fered far less than the historical record has led us to believe. The authors claimed that some in dentures actually lived fairly well for their particular historical period, and better than some poor white workingclass individuals. Yet it is hard to fath om a just and democratic system of enslavement, regardless of socioeco nomic status. Like the slaves, some coal miners may have had a better place on the economic ladder of the American industrial system than pre viously acknowledged, but the condi tions of coal communities, for the most part, were below accepted stan dards of decency. This book warrants reading, and has a definite place in labor historio graphy and labor economics. The idyl lic workplaces of the original factory system at Lowell and Waltham, MA, were a far cry from the exploitive sys tem of child labor that developed later. The textile, transportation, and min ing industries began workplace re forms that provided a framework for protective labor legislation in the New Deal period of the 1930’s. But reform merged from a pressing need to correct the evils of an unregu lated system of which the coal indus try was a vital part. This work should be read with caution. In the words of the late Supreme Court Justice Thurgood Marshall, its “analytical sleightof-handedness” should be evident to the reader. Soft Coal, Hard Choices illustrates that coal families in the ear ly part of the 20th century had some rights and choices in their work, but the process was dramatically more arduous and economic freedom less abundant than this book claims. —Henry P. Guzda Industrial R elations Specialist TEAM 21, U .S. D epartm ent of Labor Challenges for working mothers Women’s Two Roles: A Contemporary Dilemma. By Phyllis Moen. New York, Auburn House, 1992, 172 pp. $45, cloth; $16.95, paper. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Phyllis Moen has incorporated in her book the findings of an exceptional amount of research about women’s roles at home and at work. Many of the more than 500 entries in the 31-page bibliography are empirical re search studies; the book is essentially a tapestry of research findings woven into the fabric of an integrated text that makes for stimulating reading. Moen goes beyond the usual array of issues such as dependant care and alternative work schedules. She fo cuses on mothers, fathers, and chil dren, presenting a psychological eval uation of the effects of work on deci sions regarding the family. The book is well organized; its three sections, “The Issue in Context,” “Consequences,” and “New Direc tions,” provide information in an orderly fashion to help readers evaluate the implications of work on women’s behavior at home and in the labor force. The first two sections con vey information from a wide array of research studies conducted between 1946 and 1992, a period in which the behavior of women and men shifted significantly. It should be noted that the variety of research designs and the extensive time period these studies span sometimes result in conflicting findings. Because social behavior has changed and research findings that were accurate for one period may not describe the situation correctly at a later time, the effects of behavior shifts over time could not be clearly ascertained in all cases. For example, Moen believes that only tentative conclusions may be drawn from research about working mothers: daughters appear to have benefited from working mothers more than have sons; mothers’employment outside the home may have negative effects on sons; and a mother’s employment affects not only the mother-child relationship, but also the father-child relationship. Moen draws other tentative conclu sions: a mother’s attitude toward employment may be more important than the employment itself; the char acteristics of a mother’s job (for example, part-time versus full-time) are essential in examining the effect on children; and young children who are cared for in a group environment get sick more frequently than those cared for in a home enviornment. But this colorless list of findings belies the variety and scope of research incorpo rated in the book. The final section, “New Direc tions,” which includes a chapter on conclusions and implications, is some what weaker than the previous sections because of its lack of research findings. This chapter presents a sum mary of positions and proposed solu tions to the work and family dilemma that is the heart of the book. The author outlines the costs, the scarcity of time, and the difficulties in arrang ing for child care. She also discusses the benefits of working mothers —the gains to families as women add to the family income and fathers share in the care of children, and the increases to the national economy resulting from women’s increased productive capacity. The conflicting needs of families and employment present dilemmas for women, according to Moen. Work-fa mily conflicts are so formidable, she says, that 62 percent of working mothers surveyed in Washington, DC, said they would give up their jobs if they could afford the financial loss. Although all sides of the issues are conveyed carefully, the recommended solution seems to favor an unrealistic resolution. For example, Moen sug gests that we “rethink and redesign not only the structure of work, but also the configuration of the life course which could lead to a variety of arrangements including a return to school at various ages and a continua tion of paid work well beyond the usual age of retirement.” She believes that rethinking the sequence of educa tion, work, and retirement could lead to government intervention (through Monthly Labor Review May 1993 67 Book Reviews employer tax incentives and other inducements) to give women and men more time at home for child-rearing. Such re-ordering might be achieved with flexible timing for school, a slower track at work for both women and men, and retirement at an age older than the traditional retirement age. This means that parents would have to defer earnings or would have reduced earnings until they complete their child-rearing responsibilities. However, this is unrealistic because, for most parents, earning a living cannot be deferred until a more “con venient” time, due to the demands of providing for a family. Sabbaticals do not exist for eating or paying the rent or doctor bills. Also health problems may force workers into early retire ment, making it impossible to work additional years to compensate for earlier periods of “leisure” when more time was needed for child care. The other solutions Moen out lines—“Traditional Family,” “Male Model,” “New Man,” and “Techno logical” solutions —have drawbacks that she describes clearly. Another shortcoming is the book’s graphic presentation of data. At the start, statistical data are presented in line graphs. The years designated on the horizontal scale are represented by units of different sizes in several places, which can be misleading. For example, the shape of the curve depicted in one figure would be quite different if equal units on the time scale had been used. The author admits that “realistical ly, there is most probably no single solution to the work/family dilemma,” and that “given the diversity in wom en’s (and men’s) lives in families, and in jobs, a smorgasbord of options and alternatives may well be necessary.” A corollary to this observation could be that a realistic option for government and one that may be feasible with limited resources, is to provide more information to the public about the choices between home and work that individuals and families face, and the costs and benefits associated with the alternatives. 68 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Arline Easley E conom ist, W om en ’s Bureau U .S. D epartm ent o f Labor Publications received Economic growth and development A nand, Sudhir and M artin R avallion, “H um an D evelopm ent in P oor C oun tries: On th e R ole o f Private Incom es and Public Services,” T h e J o u rn a l o f E co n o m ic Perspectives, W inter 1993, pp. 133-50. Freem an, R ichard B ., W h a t D irection fo r L a b o r M a rk e t In stitu tio n s in E a stern a n d C en tra l E u ro p e? Cam bridge, m a , N ation al Bureau of E conom ic R esearch, Inc., 1992, 51 pp. (W orking Paper 4209.) $5 per copy, plus $10 for postage and handling outside the U nited States. Pennar, K aren, “Can This M an A nsw er E con om ics’ Prim e Q uestion?” B u si ness W e e k , D ec. 14, 1992, pp. 65-66. Shah, A shish, “C ooperative Law: A n Instrum ent for D evelopm ent?” I n te r n a tio n a l L a b o u r R eview , V oi. 131, N o . 4-5, 1992, pp. 513-24. van Im sch oot, M arc, “W ater as a source o f em p loym en t,” In te rn a tio n a l L a b o u r R eview , V oi. 131, N o . 1, 1992, pp. 125-37. Economics and social statistics Israel Central Bureau of Statistics, M o n th ly B u lle tin o f Sta tistics, Jerusa lem , Israel, Central Bureau of Statistics, Septem ber 1992; and S u p p le m e n t. 133 pp. and 146 pp., respec tively. ____ M o n th ly B u lle tin o f S ta tistics, Jeru salem , Israel, Central Bureau of Statistics, O ctober 1992; and Supple m ent. 134 pp. and 210 pp., respec tively. ___ M o n th ly B u lle tin o f Statistics, N ovem ber 1992, w ith Supplem ent. 129 and 88 pp., respectively. ___ M o n th ly B u lle tin o f Statistics, D ecem ber 1992, w ith Supplem ent. 133 and 141 pp., respectively. R epublic of C hina, M o n th ly B u lle tin o f E arnings a n d P ro d u ctivity Sta tistics, T a iw a n A rea, R ep u b lic o f C h in a , O ctober 1992. Taiw an, R epublic of China, D irectorate-G eneral o f Budget, A ccounting and Statistics, 140 pp. (R eport N o . 228.) ___ M o n th ly B u lle tin o f E a rn in g s a n d P rod u ctivity Statistics, T a iw a n , R e p u b lic o f C hina, D ecem ber 1992, Taiwan, R epublic o f China, D irectorate-G ene ral o f Budget, A ccounting and Statistics, 140 pp. (R eport N o . 230.) S y m p o siu m : K eyn esia n E conom ics T o d a y. “Sym posium on K eynesian E conom ics T od ay,” B y N . G regory M ankiw; “The N ew K eynesian Syn th esis,” by D avid Rom er; “N ew and Old K eyn esian s,” by Bruce G reenwald and Joseph Stiglitz; “P rice F lexi bility and Output Stability: A n Old K eynesian V ie w ,” by James Tobin; “W ill th e N ew K eynesian M acroeco nom ics R esurrect the i s -l m M odel?” by R obert G. K ing, T h e J o u rn a l o f E conom ic Perspectives, W inter 1993, pp. 3-82. W aldrop, Judith, “C hoose th e Incom e T hat’s R igh t for Y o u ,” A m e ric a n D e m ographics, D ecem ber 1992, pp. 9-10. Education Blackburn, M cK in ley L. and D avid N eum ark, Acre O L S E stim a te s o f th e R e tu r n to S chooling B ia sed D ow n ward'? A n o th e r L o o k . Cam bridge, MA, N ational Bureau of E con om ic R esearch, Inc., 1993, 25 pp. (W orking Paper 4259.) $5 per cop y, plus $10 for postage and handling outside the United States. D iam ond, A rthur M ., Jr. and D onald R . Haurin, “T he D issem ination of R e search A gendas am ong Y oung E con o m ists,” J o u rn a l o f E co n o m ic E d u c a tion, W inter 1993, pp. 53-61. K ourilsky, M arilyn, “E con om ic E duca tion and a G enerative M odel of M islearning and R ecovery,” T h e J o u r n a l o f E co n o m ic E d u ca tio n , W inter 1993, pp. 23-33. Sexton, R obert L ., Philip E. G raves, and D w igh t R . Lee, “The Short- and L ong-R un M arginal C ost Curve: A P edagogical N o te ,” J o u rn a l o f E c o nom ic E d u ca tio n , W inter 1993, pp. 34-37. Shen, R uth and T. Y . Shen, “E con om ic T hinking in China: E con om ic K n o w ledge and A ttitudes o f H igh School Students,” J o u rn a l o f E co n o m ic E d u cation, W inter 1993, pp. 70-84. V an Scyoc, L ee J. and Joyce G leason, “T raditional or Intensive Course Lengths? A C om parison of O utcom es in E conom ics L earning,” T h e J o u rn a l o f E co n o m ic E d u ca tio n , W inter 1993, pp. 15-22. Health and safety Curran, D aniel J., D ead L a w s fo r D ead M en: T h e P olitics o f F ederal Coal M in e H e a lth a n d S a fe ty L egislation. Pittsburgh, PA, U niversity o f Pitts burgh Press, 1993, 208 pp., biblio graphy. $39.95. K enen, R egina H ., R eproductive H a za rd s in th e W o rk p la ce : M e n d in g Jobs, M a n a g in g P regnancies. N ew York, H arrington Park Press, 1993, 306 pp. $19.95, paper. Industrial relations A ckers, Peter and others, “The use of cycles: explaining em ployee involve m ent in the 1 9 9 0 s.” In d u stria l R e la tions J o u rn a l, V o l. 23 , N o . 4, W inter 1992, pp. 268-83. A dler, Paul S., “T im e and M otion R egain ed ,” H a rva rd B usiness R eview , January-February 1993, pp. 97-108. Buchanan, R. T., “M easuring mergers and concentration in UK unions, 1 9 1 0 -8 8 ,” In d u stria l R ela tio n s Jour nal, V ol. 23, N o . 4, W inter 1992, pp. 304-14. Campbell, Joan, ed., E uropean L a b o r U nions. W estport, CT, G reenw ood Press, 1992, 648 pp. $125. C lausen, Christian and Borge L orentzen, “W orkplace im plications of FMS and CIM in D enm ark and Sw eden,” N ew T echnology, W o r k a n d E m p lo y m e n t, M arch 1993, pp. 21-30. Conti, R obert F . and M alcolm W arner, “Taylorism , new techn ology and justin-tim e system s in Japanese m anufac tu rin g,” N ew T echnology, W o rk a n d E m p lo y m e n t, M arch 1993, pp. 31-42. Cradden, Terry, “The Tories and em ploym ent law in N orthern Ireland: seeing unions in a different light?” In d u stria l R ela tio n s J o u rn a l, M arch 1993, pp. 59-70. D unlop, John T., In d u s tr ia l R ela tio n s S y stem s, rev. ed., Cambridge, MA, Harvard Business School Press, 1993, 353 pp., $39.95, cloth; $24.95, paper. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ponak, A llen and Corliss O lson, “Tim e D elays in G rievance A rbitration,” I n d u stria l R elations, V ol. 47, N o. 4, 1992, pp. 690-707. European Trade U nion Institute, E u ro p ean T ra d e U nion In s titu te B u lle tin , Brussels, February 1993. 53 pp. Finkin, M atthew W ., T h e B e n ja m in A a ro n A n n u a l L e c tu r e Series on th e R o le o f P u b lic P olicy in th e E m p lo y m e n t R elationship: P rivacy a n d P ersonality in th e E m p lo y m e n t R elationship. 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Jackson, ed., S m a ll B usiness in th e C linton Y ears: W h a t Y o u r C o m p a n y M u st Do to Survive a n d S ucceed. W ashington, DC, N ation al Federation of Independent Business, 1993, 190 pp. $9.95, paper. A vailable from H am m ock Publishing Inc., N ashville, TN. Lew in, D avid, Olivia S. M itchell, and Peter D . Sherer, eds., R esearch F rontiers in In d u stria l R ela tio n s a n d H u m a n Resources. M adison, WI, Industrial R elations R esearch A sso ci ation, 1992, 625 pp. L um ley, R oger, “Business education and em ploym ent relations: the case of G er m a n y ,” In d u stria l R ela tio n s J o u rn a l, V ol. 23, N o . 4, W inter 1992, pp. 284-92. M etcalf, D avid, Jonathan W adsw orth, and Peter Ingram , “M ulti-unionism , size o f bargaining group and strik es,” In d u stria l R ela tio n s J o u rn a l, M arch 1993, pp. 3-13. Ogden, Stuart, “D ecline and fall: national bargaining in British w ater,” In d u stria l R ela tio n s J o u rn a l, M arch 1993, pp. 44-58. Sw idinsky, R obert, “U nionism and the job attachm ent of Canadian w orkers,” In d u stria l R ela tio n s, V ol. 47, N o . 4, 1992, pp. 729-51. Fort, R odney and R obert R osenm an, “A nother L ook at th e Study of R egulatory Form s and O u tcom es,” J o u rn a l o f E co n o m ic E d u c a tio n , W inter 1993, pp. 39-52. G reat Britain, E m ploym ent D epartm ent, E m p lo y m e n t D e p a rtm e n t A n n u a l R eport on R esearch, 1992. M oorfoot, Sheffield, England, D epartm ent of E m ploym ent, R esearch M anagem ent Branch, 1992, 220 pp. “T his R ebound Just M ay Be F or R e a l,” B usiness W e e k , Jan. 11, 1993, pp. 56-104. T om oda, Shizue, “R ecent D evelopm ents in the F ood and D rink Industries,” In te rn a tio n a l L a b o u r R eview , V ol. 131, N o . 4-5, 1992, pp. 431-51. Monthly Labor Review May 1993 69 B ook R eview s International economics “A ctivities of the E conom ic and Social C om m ittee, A pril, M ay, and June 1 9 9 2 , ” B u lle tin o f th e E conom ic a n d S ocial C o m m ittee o f th e E uropean C o m m u n ities, V ol. 2, 1 9 9 2 ,1 2 4 pp. Brussels, E conom ic and Social C om m ittee, D ivision for Inform ation, Publications and R elations w ith SocioE conom ic G roups. B loom , D avid E. and A d i Brender, L a b o r a n d th e E m e rg in g W o rld E co n om y. Cambridge, MA, N ational B u reau o f E con om ic R esearch, Inc., 1993, 70 pp. (W orking Paper 4266.) $5 per copy, plus $10 for postage and handling outside the U nited States. Clarida, R ichard H ., “Entry, D um ping, and Shakeout,” T h e A m e rica n E co no m ic R eview , M arch 1993, pp. 180-202. Fuss, M elvyn, Stephen M urphy, and Leonard W averm an, T h e S ta te o f N o rth A m e rica n a n d Japanese M otor V eh icle In d u strie s: A P artially Calibrated M odel to E xam ine the Im pacts o f Trade P olicy Changes. Cambridge, MA, N ational Bureau of E conom ic R esearch, Inc., 1992, 42 pp. (W orking Paper 4225.) $5 per copy, plus $10 for postage and handling outside the U nited States. R azin, A ssaf and Efraim Sadka, In te r n a tio n a l M igration a n d In tern a tio n a l T ra d e. C am bridge, MA, N ational Bureau o f E conom ic R esearch, Inc., 1992, 44 pp. (W orking Paper 4230.) $5 per copy, plus $10 for postage and handling outside the U nited States. Schwartz, R osalind M ., ed., M a n a g in g O rganizational T ransitions in a G lobal E co n o m y. L os A ngeles, C A , U niversi ty of California, Institute o f Industrial R elations, 1992, 198 pp. $15, paper. (M onograph and R esearch Series, 57.) van Liem t, Gijsbert, ed., In d u s tr y on th e M ove: C auses a n d C onsequences o f In te rn a tio n a l R elocation in th e M a n u fa c tu rin g In d u stry . Geneva, International Labor O rganization, 1992, 336 pp., bibliography. $28, paper. A vailable from ILO Publica tions Center, A lbany, NY. Labor force Abraham , K atharine G. and Susan N . H ousem an, J o b S e c u rity in A m erica: 70 M o n th ly L a b o r R eview https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M a y 1993 L essons fr o m G erm a n y. W ashington, DC, T he B rookings Institution, 1993, 175 pp. A xe, Barry and L onnie G olden, “The A ugm ented Labor Supply Function: W orktim e E vidence from Japan.” R eprinted from the E a stern E conom ics J o u rn a l, July-Septem ber 1991, pp. 305-17. Berm an, Eh, John Bound, Zvi G riliches, C hanges in th e D e m a n d fo r S k ille d L a b o r W ith in U .S . M a n u fa c tu rin g In d u strie s: E vidence F rom th e A n n u a l S u rv e y o f M a n u fa c tu rin g . Cam bridge, MA, N ation al Bureau o f E conom ic R esearch, In c., 1993, 54 pp. (W orking Paper 4255.) $5 per copy, plus $10 for postage and handling outside the U nited States. B lanchflow er, D aniel and A ndrew J. O swald, E n trepreneurship, H appiness a n d S u b n o rm a l R etu rn s: E vidence from Britain and the U S. Cam bridge, MA, N ation al Bureau o f E conom ic R esearch, In c., 1992, 25 pp. (W orking Paper 4228.) $5 per cop y, plus $10 for postage and handling outside the U nited States. C olem an, M ary T. and John Pencavel, “Changes in W ork H ours o f M ale E m ployees, 1 9 4 0 -1 9 8 8 ,” In d u stria l a n d L a b o r R ela tio n s R eview , January 1993, pp. 262-83. C rom pton, Susan, “F acing retirem ent,” P erspectives on L a b o u r a n d In c o m e ,” Spring 1993, pp. 31-38. D evereaux, M ary Sue and C olin L ind say, “F em ale lone parents in the la bour m arket,” Perspectives on L a b o u r a n d In c o m e , Spring 1993, pp. 9-15. G olden, L onnie, “The Insensitive W ork week: Trends and D eterm inants of A djustm ent in A verage H ou rs.” R eprinted from the J o u rn a l o f Post K eyn esia n E conom ics, F all 1990, pp. 79-110. __ “U nions, N onw age Labor Costs, and the Character of Labor M arket A d justm ent, 1 9 2 9 -1 9 8 7 .” Reprinted from the Q u a rterly R eview o f E conom ics a n d F in a n ce, Sum m er 1992, pp. 46-70. G reat Britain, D epartm ent o f E m ploy m ent, T h e E a rly Careers o f 1980 G raduates: W o r k H istories, Jo b T e n ure, C areer M o b ility a n d O ccupational Choice. B y P. J. D olton and G . H . M akepeace. M oorfoot, Sheffield, En gland, G reat Britain E m ploym ent D e partm ent, R esearch M anagem ent Branch, 1992, 106 pp. H am er mesh, D aniel S. and Gerard Pfann, T u rn o ve r a n d th e D y n a m ics o f L a b o r D e m a n d . Cambridge, MA, N ation al Bureau of E conom ic R esearch, In c., 1992, 15 pp. (W orking Paper 4052.) $5 per copy, plus $10 for postage and handling outside the U nited States. Lee, Judy, “W om en in a ca d em ia -a grow ing m inority,” Perspectives on L a b o u r a n d In c o m e , Spring 1993, pp. 24-30. M argo, R obert A . and T. A ldrich Finegan, “The D eclin e in B lack Teenage L abor-F orce Participation in the South, 1900-1970: The R ole of Sch oolin g,” T h e A m e ric a n E co n o m ic R eview , M a rch 1993, pp. 234-47. D o w , G regory K ., “W h y Capital Hires Labor: A Bargaining P ersp ective,” T h e A m e ric a n E co n o m ic R eview , M arch 1993, pp. 118-34. M itchell, Olivia S., ed., A s th e W o rk fo rc e Ages: Costs, B en e fits & P olicy C h a l lenges. Ithaca, NY, ILR Press, Cornell U niversity, 1993, 304 pp., $18.95, paper, $42, cloth. Farber, H enry S., T h e A nalysis o f In te r F irm W o r k e r M ob ility. Cambridge, MA, N ation al Bureau o f E conom ic R esearch, In c., 1993, 69 pp. (W orking Paper 4262.) ($5 per copy, plus $10 for postage and handling outside the U nited States. N eum ark, D avid, S e x D iscrim ination a n d W o m e n ’s L a b o r M a rk e t In te r ru p tions. Cam bridge, MA, N ational Bu reau of E conom ic R esearch, Inc., 1993, 37 pp. (W orking Paper 4260.) $5 per cop y, plus $10 for postage and handling outside th e United States. G olden, L onnie and Eileen A ppelbaum , “W h at W as D riving th e 1982-88 B oom in T em porary E m ploym ent? Preference of W orkers or D ecision s and P ow er of E m p loyers.” R eprinted from T h e A m e rica n J o u rn a l o f E co nom ics a n d Sociology, O ctober 1992. pp. 473-94. R ansom , M ichael R ., “Seniority and M on op son y in th e A cad em ic Labor M ark et,” T h e A m e rica n E co n o m ic R eview , M arch 1993, pp. 221-33. Sunter, D eborah, “W orking Shift,” Perspectives on L a b o u r a n d In c o m e , Spring 1993, pp. 16-23. Current labor statistics mmmi iAAi ITffITmifl! lllllillllllltlllllHIHk Notes on Current Labor Statistics 84 27. A verage specified com pensation and wage adjustm ents, bargaining situations covering 1,000 workers or m o r e ..................................... 103 28. A verage effective w age adjustm ents, bargaining situations covering 1,000 w orkers or m o r e ................. 104 29. Specified com pensation and wage adjustm ents, State and local governm ent bargaining situations covering 1,000 workers or m o r e ..................................... 104 30. W ork stoppages involving 1,000 workers or m ore . . . 104 84 Price data .................... 72 1. Labor m arket in d ic a t o r s ...................................................... 2. A nnual and quarterly percent changes in com pensation, prices, and p r o d u c tiv ity ...................... 3. A lternative measures of w ages and com pensation changes ................................................................................... 83 Comparative indicators Labor force data 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. E m ploym ent status of the population, data seasonally a d ju s te d .................................................... Selected em ploym ent indicators, data seasonally a d ju s te d .................................................... Selected unem ploym ent indicators, data seasonally a d ju s te d .................................................... U nem ploym ent rates by sex and age, data seasonally a d ju s te d .................................................... U nem ployed persons by reason for unem ploym ent, data seasonally a d ju s te d .................................................... D uration o f unem ploym ent, data seasonally adjusted U nem ploym ent rates by S t a t e ............................................ E m ploym ent of workers by S t a t e ..................................... E m ploym ent o f workers by industry, data seasonally a d ju s te d .................................................... A verage w eekly hours by industry, data seasonally a d ju s te d .................................................... A verage hourly earnings by industry, data seasonally a d ju s te d .................................................... A verage hourly earnings by in d u s t r y .............................. A verage w eekly earnings by in d u s tr y .............................. D iffusion indexes o f em ploym ent change, data seasonally a d ju s te d .................................................... A nnual data: E m ploym ent status of the population . A nnual data: E m ploym ent levels by industry ............ A nnual data: A verage hours and earnings levels by industry ............................................................................ 85 86 87 88 88 88 89 89 90 91 91 92 93 94 95 95 96 Labor compensation and collective bargaining data 21. 22. 23. 24. 25. 26. E m ploym ent Cost Index, com pensation, by occupation and industry g r o u p ................................ 97 E m ploym ent C ost Index, wages and salaries, by occupation and industry g r o u p ................................ 99 E m ploym ent Cost Index, benefits, private industry workers, by occupation and industry g r o u p ............ 100 E m ploym ent C ost Index, private nonfarm workers, bargaining status, region, and area s i z e ...................... 101 Participants in em ployer-provided benefit plans . . . . 102 Specified com pensation and wage adjustm ents from contract settlem ents, and effective wage adjustments, situations covering 1,000 workers or m o r e ............... 103 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IA| 31. C onsum er Price Index: U .S. city average, by expenditure category and com m od ity and service group ............................................................................ 105 32. C onsum er Price Index: U .S. city average and local data, all i t e m ...............................................................................108 33. A nnual data: C onsum er Price Index, all item s and major g r o u p s .....................................................................109 34. Producer Price Indexes, by stage o f processing ............ 110 35. Producer Price Indexes, by durability o f product . . . . 110 36. Producer Price Indexes for the net output of major industry group ..........................................................................I l l 37. A nnual data: Producer Price Indexes, by stage of p r o c e ss in g .............................................................................. I l l 38. U .S. export price indexes by Standard International Trade C la ss ific a tio n ................................................................112 39. U .S. im port price indexes by Standard International Trade C la ss ific a tio n ................................................................113 40. U .S. export price indexes by en d -u se c a te g o r y ...............114 4 L U .S. im port price indexes by en d -u se c a te g o r y ............. 114 42. U .S. export price indexes by Standard Industrial C lassification ............................................................................ 114 43 U .S. im port price indexes, by Standard Industrial C lassification ............................................................................ 115 Productivity data 44. Indexes o f productivity, h ourly com pensation, and unit costs, data seasonally a d ju ste d .................................. 115 45. A nnual indexes o f m ultifactor productivity ....................116 46. A nnual indexes o f productivity, hourly com pensation, unit costs, and p r ic e s ................................ 116 47. A nnual indexes of output per hour for selected in d u stries......................................................................................117 International comparisons data 48. U nem ploym ent rates in nine countries, data seasonally a d ju ste d ........................................................ 119 49. A nnual data: E m ploym ent status o f the civiliian w orking-age population, 10 countries ........................... 120 50. A nnual indexes of productivity and related measures, 12 countries ............................... 121 Injury and illness data 51. A nnual data: O ccupational injury and illness incidence r a t e ..........................................................................122 Monthly Labor Review May 1993 71 Notes on Current Labor Statistics This section o f the R eview presents the principal statistical series collected and calculated by th e Bureau of Labor Statis tics: series on labor force; em ploym ent; unem ploym ent; labor com pensation; c o l lective bargaining settlem ents; consum er, producer, and international prices; pro ductivity; international com parisons; and injury and illness statistics. In the notes th at follow , th e data in each group of tables are briefly described; key defini tions are given; notes on th e data are set forth; and sources o f additional inform a tion are cited. General notes The follow in g notes apply to several tables in this section: Seasonal adjustment. Certain m onthly and quarterly data are adjusted to elim i nate the effect on the data o f such factors as clim atic conditions, industry produc tion schedules, opening and closing o f sch ools, h olid ay buying periods, and va cation practices, w h ich m ight prevent short-term evaluation o f the statistical se ries. Tables containing data that have been adjusted are identified as “seasonal ly adjusted.” (A ll other data are n ot sea sonally adjusted.) Seasonal effects are es tim ated on the basis of past experience. W hen new seasonal factors are com puted each year, revisions m ay affect seasonally adjusted data for several preceding years. Seasonally adjusted data appear in tables 1 - 9 ,1 2 - 1 4 ,1 6 - 1 7 , 44, and 48. Sea sonally adjusted labor force data in tables 1 and 4 -9 were revised in the February 1993 issue of the R eview and reflect the experience through 1992. Seasonally ad justed establishm ent survey data show n in tables 1 2 -1 4 and 16-17 were revised in th e July 1992 R eview and reflect the expe rience through M arch 1992. A brief ex planation o f th e seasonal adjustm ent m eth od ology appears in “N otes on the d ata.” R evisions in the productivity data in table 44 are usually introduced in the Sep tem ber issue. Seasonally adjusted indexes and percent changes from m onth-tom onth and quarter-to-quarter are pub lished for num erous C onsum er and P ro ducer Price Index series. H ow ever, seasonally adjusted indexes are n ot pub lished for the U .S. average A ll-Item s c p i . 72 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis O nly seasonally adjusted percent changes are available for this series. Adjustments for price changes. Som e d a ta —such as th e “real” earnings show n in table 14 —are adjusted to elim inate the effect o f changes in price. T hese adjust m ents are m ade by dividing current-dollar values by th e C onsum er Price Index or the appropriate com p on en t o f th e in dex, then m ultiplying by 100. F or exam ple, given a current hourly wage rate of $3 and a current price index num ber o f 150, w here 1982 = 100, the hourly rate ex pressed in 1982 dollars is $2 ($ 3 /1 5 0 x 100 = $2). The $2 (or any other resulting values) are described as “r ea l,” “co n stan t,” or “1 9 8 2 ” dollars. bor force, em ploym ent, and unem ploy ment; em ployee com pensation and collective bargaining; prices; productiv ity; international com parisons; and inju ry and illness data. Symbols n .e.c. = not elsew here classified, n.e.s. = n ot elsew here specified. p = prelim inary. T o increase the tim eliness of som e series, prelim inary fig ures are issued based on representative but incom plete returns. r = revised. G enerally, this revision reflects the availability o f later data but m ay also reflect other adjustments. Additional information D ata that supplem ent the tables in this section are published by the Bureau in a variety o f sources. N ew s releases provide th e latest statistical inform ation pub lished by the Bureau; the major recurring releases are published according to the schedule appearing on th e back cover of this issue. M ore inform ation about labor force, em ploym ent, and unem ploym ent data and the household and establish m ent surveys underlying th e data are available in E m p lo y m e n t a n d E arnings, a m on th ly publication of the Bureau. A d d i tional data from the household survey are published in the data book, L a b o r Force S ta tistics D erived F rom th e C u rren t P opu lation S u rv e y, Bulletin 2307. M ore na tional data from the establishm ent survey appear in the data book, E m p lo y m e n t, H o u rs, a n d E arn in g s, U n ite d S ta te s, an annual bulletin. M ore detailed inform a tion on em ployee com pensation and c o l lective bargaining settlem ents is pub lished in th e m onthly periodical, C o m pensation a n d W o r k in g C onditions. M ore detailed data on consum er and producer prices are published in th e m on th ly peri odicals, T h e c p i D eta iled R eport, and P ro d u c e r P rice In d e x e s. D etailed data on all of th e series in th is section are provided in th e H a n d b o o k o f L a b o r S ta tistics, w hich is published biennially by the Bureau, b l s bulletins are issued covering productiv ity, injury and illness, and other data in this section. F inally, the M o n th ly L a b o r R eview carries analytical articles on an nual and longer term developm ents in la Comparative Indicators (Tables 1 -3 ) C om parative indicators tables provide an overview and com parison o f major b l s statistical series. Consequently, although m any of the included series are available m onthly, all m easures in these com para tive tables are presented quarterly and annually. Labor market indicators include em ploym ent measures from tw o major sur veys and inform ation on rates o f change in com pensation provided by th e E m ploym ent Cost Index (e c d program . The labor force participation rate, the employm ent-to-population ratio, and unem ploym ent rates for major dem ographic groups based on the Current P opulation ( “h ou seh old ”) Survey are presented, while measures o f em ploym ent and aver age w eekly hours by major industry sec tor are given using nonfarm payroll data. The E m ploym ent C ost Index (com pensa tion), by major sector and b y bargaining status, is chosen from a variety of b l s com pensation and wage m easures be cause it provides a com prehensive m ea sure of em ployer costs for hiring labor, not just outlays fo r wages, and it is n ot af fected by em ploym ent shifts am ong occu pations and industries. D ata on changes in compensation, prices, and productivity are presented in table 2. M easures of rates o f change of com pensation and w ages from the E m ploym ent Cost Index program are provided for all civilian nonfarm workers (excluding Federal and household work ers) and for all private nonfarm workers. M easures of changes in consum er prices for all urban consum ers; producer prices by stage of processing; overall prices by stage of processing; and overall export and im port price indexes are given. M ea sures of productivity (output per hour of all persons) are provided for major sectors. Alternative measures of wage and compensation rates of change, w h ich re flect th e overall trend in labor costs, are sum m arized in table 3. D ifferences in concepts and scope, related to the specific purposes of the series, contribute to the variation in changes am ong th e individu al m easures. Notes on the data D efinitions o f each series and n otes on the data are contained in later sections of these notes describing each set o f data. F or detailed descriptions of each data se ries, see b l s H a n d b o o k o f M eth o d s, Bulle tin 2414 (Bureau of Labor Statistics, 1992), as w ell as the additional bulletins, articles, and other publications noted in the separate sections of the R eview ’s “N otes on Current Labor S tatistics.” U s ers m ay also wish to consult M ajor P ro g ra m s o f th e B u re a u o f L a b o r Statistics, R eport 793 (Bureau of Labor Statistics, 1991). Employment and Unemployment Data (Tables 1; 4 -2 0 ) Household survey data Definitions Employed persons include (1) all those w ho worked for pay any tim e during the week w hich includes the 12th day of the m onth or w ho worked unpaid for 15 hours or more in a fam ily-operated enter prise and (2) those w ho were tem porarily absent from their regular jobs because of illness, vacation, industrial dispute, or similar reasons. A person working at m ore than one job is counted only in the job at w hich he or she worked the greatest num ber of hours. Unemployed persons are those w ho did n ot work during the survey week, but were available for work except for tem po rary illness and had looked for jobs w ith in the preceding 4 weeks. Persons w ho did n ot look for work because th ey were on layoff are also counted am ong the un em ployed. The nnemployment rate repre sents the num ber unem ployed as a per cent of the civilian labor force. The civilian labor force consists of all em ployed or unem ployed persons in the civilian noninstitutional population. Per sons not in the labor force are those not classified as em ployed or unem ployed; this group includes persons w ho are re tired, those engaged in their ow n house work, those n ot working w hile attending school, those unable to w ork because of long-term illness, those discouraged from seeking work because of personal or jobmarket factors, and th ose w ho are volun tarily idle. The civilian noninstitutional population com prises all persons 16 years of age and older w ho are n ot inm ates of penal or m ental institutions, sanitarium s, or h om es for the aged, infirm , or needy. The civilian labor force participation rate is th e proportion of the civilian noninsti tutional population that is in the labor force. The employment-population ratio is em ploym ent as a percent o f the civilian noninstitutional population. have been seasonally adjusted with a pro cedure called X - l l a r i m a w hich was de veloped at Statistics Canada as an exten sion of the standard X - l l m ethod previously used by b l s . A detailed de scription of the procedure appears in the X - l l a r i m a Seasonal A d ju s tm e n t M e th od, by E stela Bee D agum (Statistics Can ada, Catalogue N o . 12-564E , January 1983). A t th e end of each calendar year, sea sonally adjusted data for the previous 5 years are revised, and projected seasonal adjustm ent factors are calculated for use during th e January-June period. In July, new seasonal adjustm ent factors, w hich incorporate the experience through June, are produced for th e July-D ecem b er pe riod, but no revisions are m ade in the his torical data. Additional sources of information F or detailed explanations of the data, see b l s H a n d b o o k o f M eth o d s, Bulletin 2414 (Bureau of Labor Statistics, 1992), and for additional data, H a n d b o o k o f L a b o r S ta tistics, Bulletin 2340 (Bureau of Labor Statistics, 1989). H istorical unadjusted data from 1948 to 1987 are available in L a b o r F orce Sta tistics D erived fr o m th e C u rren t P opulation S u rvey, Bulletin 2307 (Bureau of Labor Statistics, 1988). H is torical seasonally adjusted data are avail able from the Bureau of Labor Statistics upon request. A com prehensive discussion of the differences betw een household and estab lishm ent data on em ploym ent appears in G loria P. G reen, “Com paring em ploy m ent estim ates from household and pay roll surveys,” M o n th ly L a b o r R eview , D e cem ber 1969, pp. 9 -2 0 . Establishment survey data Description of the series Notes on the data E m ploym ent, h o u rs, a n d From tim e to tim e, and especially after a decennial census, adjustm ents are made in th e Current P opulation Survey figures to correct for estim ating errors during the intercensal years. These adjustm ents af fect the com parability o f historical data. A description o f these adjustm ents and their effect on th e various data series ap pears in the Explanatory N otes of E m p lo ym en t a n d E arnings. Labor force data in tables 1 and 4 -9 are seasonally adjusted based on the expe rience through D ecem ber 1992. Since January 1980, national labor force data in this section are com piled from payroll records reported m onthly on a voluntary basis to th e Bureau of Labor Statistics and its cooperating State agen cies by m ore than 359,000 establishm ents representing all industries except agricul ture. Industries are classified in accor dance w ith th e 1987 S ta n d a rd In d u stria l C lassification (sic ) M a n u a l. In m ost in dustries, th e sam pling probabilities are based on th e size o f the establishment; m ost large establishm ents are therefore in the sam ple. (A n establishm ent is not n ec essarily a firm; it m ay be a branch plant, for exam ple, or w arehouse.) Self-em- e a r n in g s data Description of the series E m p l o y m e n t d a t a in this section are obtained from the Current Population Survey, a program o f personal interview s conducted m onthly by th e Bureau of the Census for the Bureau of Labor Statistics. The sam ple consists of about 60,000 households selected to represent the U .S. population 16 years o f age and older. H ouseholds are interview ed on a rotating basis, so that three-fourths of the sam ple is the sam e for any 2 consecutive m onths. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 73 Current Labor Statistics ployed persons and others not on a regu lar civilian payroll are outside the scope of the survey because th ey are excluded from establishm ent records. This largely accounts for the difference in em ploy ment figures between the household and establishm ent surveys. Definitions A n establishment is an econom ic unit w hich produces goods or services (such as a factory or store) at a single location and is engaged in one type of econom ic activity. Employed persons are all persons w ho received pay (including holid ay and sick pay) for any part of the payroll period in cluding the 12th day of the m onth. Per sons holding m ore than one job (about 5 percent of all persons in the labor force) are counted in each establishm ent w hich reports them . Production workers in manufacturing include working supervisors and nonsupervisory w orkers closely associated with production operations. T hose workers m entioned in tables 1 1 -1 6 include pro duction workers in m anufacturing and mining; construction workers in co n struction; and nonsupervisory workers in the follow in g industries: transportation and public utilities; w holesale and retail trade; finance, insurance, and real estate; and services. T hese groups account for about four-fifths o f th e total em ploym ent on private nonagricultural payrolls. Earnings are the paym ents production or nonsupervisory workers receive dur ing the survey period, including premium pay for overtim e or late-shift work but ex cluding irregular bonuses and other spe cial paym ents. Real earnings are earnings adjusted to reflect the effects o f changes in consum er prices. The deflator for this series is derived from the C onsum er Price Index for Urban W age Earners and Cleri cal W orkers (CPi-W ). Hours represent th e average w eekly hours o f production or nonsupervisory workers for w hich p ay was received, and are different from standard or scheduled hours. Overtime hours represent th e por tion o f average w eekly hours w hich was in excess of regular hours and for w hich overtim e prem ium s were paid. The Diffusion Index represents the percent o f industries in w hich em ploy m ent was rising over the indicated period, plus one-half o f the industries w ith u n changed em ploym ent; 50 percent indi cates an equal balance between industries w ith increasing and decreasing em ploy 74 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ment. In line with Bureau practice, data for the 1- 3-, and 6-m onth spans are sea sonally adjusted, w hile th ose for the 12-m onth span are unadjusted. D ata are centered within th e span. Table 17 pro vides an index on private nonfarm em ploym ent based on 356 industries, and a m anufacturing index based on 139 in dustries. T hese indexes are useful for m easuring the dispersion of econom ic gains or losses and are also econom ic indicators. Notes on the data Establishm ent survey data are annually adjusted to com prehensive counts of em ploym ent (called “b enchm arks”). The latest adjustm ent, w hich incorporated M arch 1991 benchm arks, was m ade w ith the release of M ay 1992 data, published in the July 1992 issue o f the Review . C oin cident w ith the benchm ark adjustments, seasonally adjusted data were revised to reflect the experience through M arch 1992. U nadjusted data from A pril 1991 forw ard and seasonally adjusted data from January 1988 forw ard are subject to revision in future benchm arks. The b l s also uses the X - l l a r i m a m ethodology to seasonally adjust estab lishm ent survey data. Beginning in June 1989, projected seasonal adjustm ent fa c tors are calculated and published tw ice a year. The change m akes the procedure used for the establishm ent survey data m ore parallel to that used in adjusting the household survey data. R evisions of his torical data will continue to be m ade once a year coincident w ith th e benchm ark revisions. In the establishm ent survey, estim ates for the 2 m ost recent m onths are based on incom plete returns and are published as prelim inary in th e tables (1 2 -1 7 in the R eview ). W hen all returns have been re ceived, the estim ates are revised and pub lished as “fin a l” (prior to any benchm ark revisions) in the third m onth o f their ap pearance. Thus, D ecem ber data are pub lished as prelim inary in January and F eb ruary and as final in M arch. F or th e sam e reasons, quarterly establishm ent data (table 1) are prelim inary for the first 2 m onths o f publication and final in the third m onth. Thus, fourth-quarter data are published as prelim inary in January and February and as final in M arch. Additional sources of information D etailed national data from the establish m ent survey are published m on th ly in the b l s periodical, E m p lo y m e n t a n d E a rn ings. H istorically com parable unadjusted and seasonally adjusted data are pub lished in E m p lo y m e n t, H o u rs, a n d E a rn ings, U n ite d S ta te s, 1 9 0 9 -9 0 , Bulletin 2370 (Bureau o f Labor Statistics, 1991) and an annual bulletin. F or a detailed dis cussion o f the m ethodology of the survey, see b l s H a n d b o o k o f M eth o d s, Bulletin 2414 (Bureau of Labor Statistics, 1992). F or additional data, see H a n d b o o k o f L a bor S ta tistics, Bulletin 2340 (Bureau of Labor Statistics, 1989). A com prehensive discussion of the dif ferences betw een household and estab lishm ent data on em ploym ent appears in G loria P. G reen, “C om paring em ploy m ent estim ates from household and pay roll su rveys,” M o n th ly L a b o r R eview , D e cem ber 1969, pp. 9 -2 0 . Unemployment data by State Description of the series D ata presented in this section are ob tained from tw o major so u rces—the Cur rent P opulation Survey ( c p s ) and the L o cal A rea U n em ploym ent Statistics (l a u s ) program , w hich is conducted in coopera tion w ith State em ploym ent security agencies. M on th ly estim ates o f the labor force, em ploym ent, and unem ploym ent for States and sub-State areas are a key indi cator of local econ om ic conditions, and form the basis for determ ining the eligi bility of an area for benefits under F eder al econ om ic assistance program s such as th e Job Training Partnership A ct and the Public W orks and E conom ic D evelop m ent A ct. Insofar as possible, the con cepts and definitions underlying these data are those used in the national esti m ates obtained from th e c p s . Notes on the data D ata refer to State of residence. M onthly data for 11 S tates—California, Florida, Illinois, M assachusetts, M ichigan, N ew Y ork, N ew Jersey, N orth Carolina, O hio, Pennsylvania, and T ex a s—are obtained d irectly from the c p s because the size of th e sam ple is large enough to m eet b l s standards o f reliability. D ata for the re m aining 39 States and the D istrict o f C o lum bia are derived using standardized procedures established by b l s . Once a year, estim ates for the 11 States are re vised to n ew population controls. F or the rem aining States and the D istrict o f C o lum bia, data are benchm arked to annual average c p s levels. Additional sources of information Inform ation on the concepts, definitions, and technical procedures used to develop labor force data for States and sub-State areas as w ell as additional data on subStates are provided in the m onthly Bu reau of Labor Statistics periodical, E m p lo y m e n t a n d E arnings, and the annual report, G eographic P rofile o f E m p lo y m e n t a n d U n e m p lo y m e n t (Bureau o f Labor Statistics). See also b l s H a n d b o o k o f M eth o d s, B ulletin 2414 (Bureau of Labor Statistics, 1992). Compensation and Wage Data (Tables 1-3; 2 1 -3 0 ) C o m p e n s a t i o n a n d w a g e d a t a are gathered by the Bureau from business es tablishm ents, State and local govern m ents, labor unions, collective bargain ing agreem ents on file with the Bureau, and secondary sources. Employment Cost Index Description of the series T he Employment Cost Index ( e c d is a quarterly m easure o f the rate of change in com pensation per hour worked and in cludes wages, salaries, and em ployer costs of em ployee benefits. It uses a fixed market basket of la b o r—sim ilar in con cept to the Consum er Price In d ex’s fixed m arket basket o f goods and services—to m easure ch an ge over tim e in em ployer costs of em ploying labor. Statistical series on total com pensation costs, on w ages and salaries, and on bene fit costs are available for private nonfarm w orkers excluding proprietors, the selfem ployed, and household workers. The total com pensation costs and w ages and salaries series are also available for State and local governm ent workers and for the civilian nonfarm econom y, w hich con sists of private industry and State and lo cal governm ent w orkers com bined. F ed eral w orkers are excluded. The E m ploym ent C ost Index proba bility sam ple consists of about 4,400 pri vate nonfarm establishm ents providing about 2 3,000 occupational observations and 1,000 State and local governm ent es tablishm ents providing 6,000 occupa tional observations selected to represent total em ploym ent in each sector. On av https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis erage, each reporting unit provides wage and com pensation inform ation on five w ell-specified occupations. D ata are col lected each quarter for the pay period in cluding the 12th day of M arch, June, Sep tember, and Decem ber. Beginning w ith June 1986 data, fixed em ploym ent weights from the 1980 Cen sus of Population are used each quarter to calculate the civilian and private indexes and the index for State and local govern ments. (Prior to June 1986, the em ploy m ent w eights are from the 1970 Census of P opulation.) T hese fixed w eights, also used to derive all of the industry and oc cupation series indexes, ensure that changes in these indexes reflect only changes in com pensation, n ot em ploy m ent shifts am ong industries or occupa tions with different levels o f w ages and com pensation. For the bargaining status, region, and m etropolitan/nonm etropolitan area series, how ever, em ploym ent data by industry and occupation are not available from the census. Instead, the 1980 em ploym ent w eights are reallocated within these series each quarter based on the current sam ple. Therefore, these in dexes are not strictly com parable to those for the aggregate, industry, and occupa tion series. State and local governm ent sector and in the civilian nonfarm econ om y (excluding Federal em ployees) w ere published be ginning in 1981. H istorical indexes (June 1981 = 100) of the quarterly rates of change are presented in the M arch issue of th e b l s periodical, C om pensation and W o r k in g C onditions. Additional sources of information For a m ore detailed discussion of the E m ploym ent Cost Index, see the b l s H a n d book o f M eth o d s, B ulletin 2414 (Bureau of Labor Statistics, 1992); E m p lo y m e n t Cost In d e x e s a n d L evels, 1975-92, Bulle tin 2413 (Bureau of L abor Statistics, 1992); and the follow in g M o n th ly L a b o r R eview articles: “E stim ation procedures for the E m ploym ent C ost In d e x ,” M ay 1982; and “Introducing new w eights for the E m ploym ent C ost In d ex ,” June 1985. D ata on the e c i are also available in b l s quarterly press releases issued in the m onth follow ing the reference m onths of M arch, June, September, and December; and from the H a n d b o o k o f L a b o r S ta tis tics, Bulletin 2340 (Bureau o f Labor Sta tistics, 1989). Employee Benefits Survey Definitions Description of the series Total compensation costs include wages, salaries, and the em ployer’s costs for em ployee benefits. Wages and salaries consist of earnings before payroll deductions, including pro duction bonuses, incentive earnings, com m issions, and cost-of-living adjust ments. Benefits include the cost to em ployers for paid leave, supplem ental pay (includ ing nonproduction bonuses), insurance, retirement and savings plans, and legally required benefits (such as Social Security, w orkers’ com pensation, and unem ploy m ent insurance). Excluded from w ages and salaries and em ployee benefits are such item s as p ay m ent-in-kind, free room and board, and tips. Notes on the data The E m ploym ent C ost Index for changes in w ages and salaries in the private n on farm econ om y was published beginning in 1975. Changes in total com pensation c o s t—w ages and salaries and benefits com bined — were published beginning in 1980. The series of changes in w ages and salaries and for total com pensation in the Employee benefits data are obtained from th e E m ployee Benefits Survey, an annual survey of the incidence and provi sions of selected benefits provided by em ployers. The survey collects data from a sam ple o f approxim ately 6,000 private sector and State and local governm ent es tablishm ents. The data are presented as a percentage o f em ployees w ho participate in a certain benefit, or as an average bene fit provision (for exam ple, the average num ber o f paid holidays provided to em ployees per year). Selected data from the survey are presented in table 25. T he survey covers paid leave benefits such as lu n ch and rest periods, holidays and vacations, and personal, funeral, jury duty, m ilitary, parental, and sick leave; sickness and accident, long-term disabil ity, and life insurance; m edical, dental, and vision care plans; defined benefit and defined contribution plans; flexible bene fits plans; reim bursem ent accounts; and unpaid parental leave. A lso, data are tabulated on th e in ci dence o f several other benefits, such as severance pay, child-care assistance, w el lness program s, and em ployee assistance program s. Monthly Labor Review M ay 1993 75 Current Labor Statistics Definitions Employer-provided benefits are benefits that are financed either w h olly or partly by the em ployer. T h ey m ay be sponsored by a union or other third party, as long as there is som e em ployer financing. H o w ever, som e benefits that are fu lly paid for by the em ployee also are included. F or exam ple, long-term care insurance and postretirem ent life insurance paid entire ly by th e em ployee are included because the guarantee o f insurability and avail ability at group prem ium rates are c o n sidered a benefit. Participants are workers w ho are c o v ered by a benefit, w hether or not th ey use th at benefit. If th e benefit plan is financed w h olly by em ployers and requires em ployees to com plete a m inim um length of service for eligibility, the workers are considered participants whether or n ot th ey have m et th e requirem ent. If w ork ers are required to contribute tow ards the cost of a plan, th ey are considered partici pants on ly if th ey elect the plan and agree to m ake the required contributions. Defined benefit pension plans use pre determ ined form ulas to calculate a retire m ent benefit, and obligate the em ployer to provide th ose benefits. Benefits are generally based on salary, years of ser vice, or both. Defined contribution plans generally specify the level of em ployer and em ployee contributions to a plan, but n ot the form ula for determ ining eventual bene fits. Instead, individual accounts are set up for participants, and benefits are based on am ounts credited to these accounts. Tax-deferred savings plans are a type o f defined contribution plan that allow participants to contribute a portion of their salary to an em ployer-sponsored plan and defer incom e taxes until w ithdraw al. Flexible benefit plans allow em ployees to ch o o se am ong several benefits, such as life insurance, m edical care, and vacation days, and am ong several levels of care w ithin a given benefit. Notes on the data Surveys of em ployees in m edium and large establishm ents conducted over the 1 9 7 9 -8 6 period included establishm ents th at em ployed at least 50, 100, or 250 w orkers, depending on th e industry (m ost service industries were excluded). T he survey conducted in 1987 covered on ly State and local governm ents with 50 or m ore em ployees. The surveys co n ducted in 1988 and 1989 included 76 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis m edium and large establishm ents w ith 100 workers or more in private indus tries. A ll surveys conducted over the 1 9 7 9 -8 9 period excluded establishm ents in A laska and H aw aii, as w ell as parttim e em ployees. Beginning in 1990, surveys o f State and local governm ents and sm all estab lishm ents are conducted in even-num bered years and surveys o f m edium and large establishm ents are conducted in odd-num bered years. The sm all estab lishm ent survey includes all private n on farm establishm ents w ith few er than 100 workers, w hile the State and local govern m ent survey includes all governm ents, re gardless of the num ber of workers. A ll three surveys include full- and part-tim e workers, and workers in all 50 States and th e D istrict o f Columbia. Additional sources of information F or detailed explanations o f th e data, See H a n d b o o k o f M ethods, Bulletin 2414 (Bureau of Labor Statistics, 1992). The m ost recent data from th e E m ployee Benefits Survey appear in the fo l low ing Bureau o f Labor Statistics bulle tins: E m ployee B en efits in M e d iu m a n d L a rg e F irm s; E m p lo yee B en e fits in S m a ll P rivate E sta b lish m en ts; and E m p lo yee B en efits in S ta te a n d L o c a l G overnm ents. A dditionally, articles using data from the E m ployee Benefits Survey are pub lished periodically in the M on th ly Labor R eview . bls Collective bargaining settlements Description of the series Collective bargaining settlements data provide statistical m easures of negotiated adjustments (increases, decreases, and freezes) in com pensation (w age and bene fit costs) and w ages alone, quarterly for private industry and sem iannually for State and local governm ent. C om pensa tion measures cover all collective bar gaining situations involving 5,000 w ork ers or m ore and wage m easures cover all situations involving 1,000 w orkers or m ore. These data, covering private nonagricultural industries and State and lo cal governm ents, are calculated using in form ation obtained from bargaining agreem ents on file w ith the Bureau, par ties to the agreem ents, and secondary sources, such as new spaper accounts. The data are not seasonally adjusted. Settlem ent data are measured in term s o f future specified adjustments: those that will occur w ithin 12 m onths of the contract effective d a te —first y e a r —and all adjustm ents that will occur over the life o f the contract expressed as an aver age annual rate. A djustm ents are worker weighted. Both first-year and over-thelife measures exclude wage changes that m ay occur under cost-of-living clauses th at are triggered by future m ovem ents in th e C onsum er Price Index. Effective wage adjustments measure all adjustm ents occurring in the reference period, regardless of th e settlem ent date. Included are changes from settlem ents reached during th e period, changes def erred from contracts negotiated in earlier periods, and changes under cost-of-living adjustm ent clauses. E ach wage change is worker weighted. The changes are pro rated over all workers under agreem ents during the reference period yielding the average adjustm ent. Definitions Wage rate changes are calculated by di viding n ew ly negotiated w ages by the av erage straight-tim e hourly wage rate plus shift prem ium at th e tim e the agreem ent is reached. Compensation changes are calculated by dividing the change in the value of the n ew ly negotiated w age and benefit pack age by existing average hourly com pensa tion, w hich includes th e cost o f previous ly negotiated benefits, legally required social insurance program s, and average h ourly earnings. Compensation changes are calculated by placing a value on the benefit portion o f the settlem ents at the tim e th ey are reached. The cost estim ates are based on th e assum ption th at conditions existing at th e tim e of settlem ent (for exam ple, m ethods o f financing pensions or com p o sition of labor force) w ill rem ain co n stant. The data, therefore, are measures o f negotiated changes and n ot o f total changes in em ployer cost. Contract duration runs from the effec tive date o f the agreem ent to th e expira tion date or first wage reopening date, if applicable. A verage annual percent changes over the contract term take ac cou n t o f the com pounding of successive changes. Notes on the data C om parisons o f major collective bar gaining settlem ents fo r State and local governm ent w ith th ose for private indus try should note differences in occupation al m ix, bargaining practices, and settle m ent characteristics. Professional and w hite-collar em ployees, for exam ple, m ake up a m uch larger proportion of the w orkers covered by governm ent than by private industry settlem ents. Lum p-sum paym ents and cost-of-living adjustm ents (c o l a ) clauses, on th e other hand, are rare in governm ent but com m on in pri vate industry settlem ents. A lso, State and local governm ent bargaining frequently excludes item s such as pension benefits and h olidays th at are prescribed by law , w hile these item s are typical bargaining issues in private industry. Additional sources of information F or a m ore detailed discussion on the se ries, see the b l s H a n d b o o k o f M ethods, B ulletin 2414 (Bureau of Labor Statistics, 1992). C om prehensive data are published in press releases issued quarterly (in Jan uary, A pril, July, and O ctober) for pri vate industry, and sem iannually (in F eb ruary and A ugust) for State and local governm ent. H istorical data and addi tional detailed tabulations for the prior calendar year appear in th e A pril issue of the b l s periodical, C om pensation a n d W o r k in g C onditions. Work stoppages Description of the series D ata on work stoppages m easure the num ber and duration of major strikes or lock ou ts (involving 1,000 workers or m ore) occurring during the m onth (or year), th e num ber of w orkers involved, and the am ount of tim e lost because of stoppage. D ata are largely from new spaper ac cou n ts and cover only establishm ents di rectly involved in a stoppage. T h ey do n ot m easure the indirect or secondary effect o f stoppages on other establishm ents w hose em ployees are idle ow ing to m ate rial shortages or lack of service. Definitions Number of stoppages: T he num ber of strikes and lock ou ts involving 1,000 w orkers or m ore and lasting a full shift or longer. Workers involved: T he num ber of workers directly involved in the stop page. Number of days idle: The aggregate num ber o f w orkdays lost by workers in volved in the stoppages. Days of idleness as a percent of esti mated working time: A ggregate w ork https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis days lost as a percent of the aggregate num ber o f standard workdays in the peri od multiplied by total em ploym ent in the period. are issued throughout the year as the sur veys are com pleted. Price Data Notes on the data This series is not com parable w ith th e one term inated in 1981 that covered strikes involving six workers or more. Additional sources of information D ata for each calendar year are reported in a b l s press release issued in the first quarter o f the follow ing year. M onthly and historical data appear in the b l s peri odical, C om pensation a n d W o rk in g C on ditions. H istorical data appear in the H a n d b o o k o f L a b o r Statistics, Bulletin 2340 (Bureau of Labor Statistics, 1989). Other compensation data Other b l s data on pay and benefits, not included in the Current Labor Statistics section of the M o n th ly L a b o r R eview , ap pear in and consist of the follow ing: O ccupational C om pensation Surveys. The Bureau restructured its A rea W age Survey program to provide the data need ed under the Federal E m ployees C om pa rability A ct of 1990 (5 U .S.C . 5304). Im plem entation of this act requires sur veying pay rates for nonfederal em ployees in various localities across the country. In place o f studies o f 90 m etropolitan areas (32 areas on an annual basis and tw o groups of 29 areas in alternate years), th e new program is covering approxi m ately 85 publishable areas during the period of September 1991 through M ay 1993. D etailed inform ation is provided on salary levels and distributions for the types of private industry and State and lo cal governm ent jobs published in th e sur vey. A lthough the definitions o f the jobs surveyed reflect th e duties and responsi bilities in private industry and State and local governm ent, th ey are designed to m atch specific pay grades of Federal w hite- and blue-collar em ployees under th e G eneral Schedule pay system s. A c cordingly, this survey provides the legally required inform ation for com paring the pay o f salaried em ployees in the Federal civil service w ith pay in private industry. Bulletins titled O ccupational C o m p en sation Survey: P a y a n d B enefits, or O ccu p ational C om pensation Survey: P a y O nly (Tables 2; 3 1 -4 3 ) P r i c e d a t a are gathered by the Bureau o f Labor Statistics from retail and prim a ry markets in the U nited States. Price in dexes are given in relation to a base period (1982 = 100 for m any Producer P rice In dexes or 1982-84 = 100 for m any C on sum er Price Indexes, unless otherw ise noted). Consumer Price Indexes Description of the series T he Consumer Price Index ( c p i ) is a m ea sure of the average change in the prices paid by urban consum ers for a fixed m ar ket basket of goods and services. The c p i is calculated m on th ly for tw o population groups, one consisting only of urban households w hose prim ary source o f in com e is derived from the em ploym ent of wage earners and clerical workers, and th e other consisting o f all urban h ouse holds. The wage earner index (CPi-w> is a continuation o f th e historic index that w as introduced w ell over a half-century ago for use in wage negotiations. A s new uses were developed for the c p i in recent years, the need for a broader and m ore representative index becam e apparent. The all-urban consum er index (CPi-U), in troduced in 1978, is representative of the 1 9 8 2 -8 4 buying habits of about 80 per cent o f the noninstitutional population o f th e U nited States at that tim e, com pared w ith 32 percent represented in the c p i -w . In addition to wage earners and clerical w orkers, the c p i -u covers professional, m anagerial, and technical workers, the self-em ployed, short-term workers, the unem ployed, retirees, and others n ot in th e labor force. The c p i is based on prices of food, clothing, shelter, fuel, drugs, transporta tion fares, doctors’ and dentists’ fees, and other goods and services th at people buy fo r d ay-to-day living. The quantity and quality of these item s are kept essentially unchanged betw een major revisions so that on ly price changes will be m easured. A ll taxes directly associated w ith the pur ch ase and use o f item s are included in th e index. D ata collected from m ore than 19,000 retail establishm ents and 57,000 housing units in 85 urban areas across the country M o n t h l y L a b o r R e v ie w M a y 1993 77 Current Labor Statistics are used to develop the “U.S. city aver a g e .” Separate estim ates for 15 major ur ban centers are presented in table 32. The areas listed are as indicated in footn ote 1 to the table. The area indexes measure on ly the average change in prices for each area since th e base period, and do not in dicate differences in the level of prices am ong cities. Notes on the data In January 1983, the Bureau changed the w ay in w h ich hom eow nership costs are m easured for th e c p i -u . A rental equiva len ce m ethod replaced the asset-price ap proach to hom eow nership costs for that series. In January 1985, the sam e change w as m ade in the c p i -w . The central pur pose of th e ch an ge was to separate shelter costs from th e investm ent com p on en t of h om eow nership so that th e index would reflect on ly th e cost of shelter services provided by ow ner-occupied hom es. A n updated c p i -u and c p r - w were introduced w ith release of th e January 1987 data. Additional sources of information F or a d iscussion of the general m ethod for com p u tin g th e cpr, see b l s H a n d b o o k o f M e th o d s, Bulletin 2414 (Bureau of L a bor Statistics, 1992). The recent change in the m easurem ent of hom eow nership costs is discussed in R obert G illingham and W alter Lane, “C hanging the treat m ent o f shelter costs for hom eow ners in th e cp r,” M o n th ly L a b o r R eview , July 1982, pp. 9 -1 4 . A n overview of the re cen tly introduced revised c p i , reflecting 1 9 8 2 -8 4 expenditure patterns, is co n tained in T h e C o n su m er P rice In d e x : 1987 R evision, R eport 736 (Bureau of L a bor Statistics, 1987). A d d ition al detailed cpr data and regu lar analyses of consum er price changes are provided in th e c p i D etailed R eport, a m on th ly publication of the Bureau. H is torical data for th e overall c p i and for se lected groupings m ay be found in the H a n d b o o k o f L a b o r Statistics, Bulletin 2340 (B ureau o f Labor Statistics, 1989). Producer Price Indexes Description of the series Producer Price Indexes ( p p d m easure av erage ch an ges in prices received by do m estic producers of com m odities in all stages o f processing. The sam ple used for calculating th ese indexes currently con tains about 3 ,100 com m odities and about 78 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 75,000 quotations per m onth, selected to represent the m ovem ent o f prices of all com m odities produced in the m anufac turing; agriculture, forestry, and fishing; mining; and gas and electricity and public utilities sectors. The stage-of-processing structure o f Producer Price Indexes orga nizes products by class of buyer and de gree of fabrication (that is, finished goods, interm ediate goods, and crude m aterials). T he traditional com m od ity structure of p p i organizes products by sim ilarity of end use or m aterial com p osi tion. The industry and product structure of p p i organizes data in accordance w ith the Standard Industrial Classification (sic) and the product code extension of th e s ic developed by the U .S. Bureau of th e Census. T o the extent possible, prices used in calculating Producer Price Indexes apply to the first significant com m ercial trans action in the U nited States from the pro duction or central marketing point. Price data are generally collected m onthly, pri m arily by mail questionnaire. M ost prices are obtained directly from producing com panies on a voluntary and confiden tial basis. Prices generally are reported for the T uesday of the week containing the 13th day o f the m onth. Since January 1987, price changes for the various com m odities have been aver aged together w ith im plicit quantity w eights representing their im portance in th e total net selling value o f all com m od i ties as o f 1982. The detailed data are aggregated to obtain indexes for stage-of-processing groupings, com m od ity groupings, durability-of-product group ings, and a num ber of special com posite groups. A ll Producer Price Index data are subject to revision 4 m onths after original publication. Notes on the data Beginning w ith the January 1986 issue, the R eview is no longer presenting tables o f Producer P rice Indexes for com m od ity groupings or special com posite groups. H ow ever, these data will continue to be presented in th e Bureau’s m on th ly publi cation, P roducer P rice In d e x e s. The Bureau has com pleted the first major stage of its com prehensive over haul of th e theory, m ethods, and proce dures used to construct the Producer Price Indexes. Changes include the re placem ent o f judgm ent sam pling w ith probability sam pling techniques; expan sion to system atic coverage of the net o ut put o f virtually all industries in th e m in ing and m anufacturing sectors; a shift from a com m od ity to an industry orienta tion; the exclusion of im ports from , and the inclusion of exports in, the survey uni verse; and the respecification of co m m o dities priced to conform to Bureau of the Census definitions. These and other changes have been phased in gradually since 1978. The result is a system of in dexes that is easier to use in conjunction w ith data on wages, productivity, and em ploym ent and other series that are or ganized in term s o f th e Standard Indus trial Classification and the census prod uct class designations. Additional sources of information F or a discussion of the m eth od ology for com puting Producer Price Indexes, see b l s H a n d b o o k o f M eth o d s, B ulletin 2414 (Bureau of Labor Statistics, 1992). A dditional detailed data and analyses o f price changes are provided m onthly in P roducer P rice In d e xe s. Selected histori cal data m ay be found in the H a n d b o o k o f L a b o r Statistics, Bulletin 2340 (Bureau of Labor Statistics, 1989). International Price Indexes Description of the series The b l s International Price Program produces quarterly export and im port price indexes for nonm ilitary goods traded between the U nited States and the rest o f the world. The export price index provides a measure of price change for all products sold by U.S. residents to foreign buyers. ( ’’R esid en ts” is defined as in the national incom e accounts; it includes co r porations, businesses, and individuals, but does not require th e organizations to be U.S. ow ned nor the individuals to have U .S. citizenship.) The im port price index provides a m easure o f price change for goods purchased from other countries by U .S. residents. W ith publication o f an all im port index in February 1983 and an all export index in February 1984, all U.S. m erchandise im ports and exports now are represented in these indexes. The refer ence period for the indexes is 1985 = 100, unless otherw ise indicated. The product universe for both the im port and export indexes includes raw m aterials, agricultural products, sem i finished m anufactures, and finished m an ufactures, including both capital and co n sum er goods. Price data for these item s are collected quarterly by m ail question naire. In nearly all cases, th e data are co l lected directly from th e exporter or im porter, although in a few cases, prices are obtained from other sources. To the extent possible, th e data gath ered refer to prices at th e U .S. border for exports and at either the foreign border or the U .S. border for im ports. F or nearly all products, th e prices refer to transac tions com pleted during the first 2 weeks o f the third m onth of each calendar quar te r —M arch, June, September, and D e cem ber. Survey respondents are asked to indicate all discounts, allow ances, and re bates applicable to the reported prices, so that the price used in th e calculation of the indexes is the actual price for w hich the product was bought or sold. In addition to general indexes of prices for U .S. exports and im ports, indexes are also published for detailed product cate gories o f exports and im ports. These cate gories are defined by the 4- and 5-digit level o f detail o f th e Standard Interna tional Trade C lassification System (srT C ). The calculation of indexes by s i t c catego ry facilitates the com parison of U.S. price trends and sector production with sim ilar data for other countries. D etailed indexes are also com puted and published on a Standard Industrial C lassification (src-based) basis, as w ell as by end-use class. Notes on the data The export and im port price indexes are w eighted indexes o f the L aspeyres type. Price relatives are assigned equal im por tance w ithin each w eight category and are then aggregated to the s i t c level. The values assigned to each w eight category are based on trade value figures com piled by the Bureau of th e Census. The trade w eights currently used to com pute both indexes relate to 1985. Because a price index depends on the sam e item s being priced from period to period, it is necessary to recognize when a p roduct’s specifications or term s of trans action have been m odified. F or this rea son, th e B ureau’s quarterly questionnaire requests detailed descriptions of the ph ys ical and functional characteristics of the products being priced, as w ell as inform a tion on the num ber o f units bought or sold, discounts, credit term s, packaging, class o f buyer or seller, and so forth. W hen there are ch anges in either the specifications or term s of transaction of a product, th e dollar value of each change is deleted from the total price change to obtain the “p u re” change. Once this value is determ ined, a linking procedure is em ployed w h ich allow s for th e continued repricing o f the item . For the export price indexes, the pre ferred pricing basis isf.a .s. (free alongside https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ship) U .S. port of exportation. W hen firm s report export prices f.o.b. (free on board), production point inform ation is collected w hich enables the Bureau to calculate a shipm ent cost to the port of exportation. A n attem pt is m ade to col lect tw o prices fo r im ports. The first is the im port price f.o.b. at th e foreign port of exportation, w hich is consistent with the basis for valuation o f im ports in the na tional accounts. The second is the im port price c.i.f.(costs, insurance, and freight) at th e U .S. port of im portation, w hich also includes th e other costs associated w ith bringing th e product to the U .S. bor der. It does not, how ever, include duty charges. F or a given product, on ly one price basis series is used in the construc tion of an index. Beginning in 1988, the Bureau also has been publishing a series of indexes w hich represent th e price of U .S. exports and im ports in foreign currency term s. Additional sources of information F or a discussion of the general m ethod com puting International Price Indexes, see b l s H a n d b o o k o f M ethods, Bulletin 2414 (Bureau o f Labor Statistics, 1992). A dditional detailed data and analyses of international price developm ents are presented in the B ureau’s quarterly publi cation, U .S . Im p o r t a n d E xp o rt P rice I n d exes and in occasional M o n th ly L a b o r Review articles prepared by b l s analysts. Selected historical data m ay be found in the H a n d b o o k o f L a b o r Sta tistics, Bulle tin 2340 (Bureau of Labor Statistics, 1989). F or further inform ation on the foreign currency indexes, see “ b l s pu blishes average exchange rate and foreign currency price in d exes,” M o n th ly L a b o r R eview , D ecem ber 1987, pp. 47-49. Productivity Data (Tables 2: 44-47) Business sector and major sectors Description of the series The productivity measures relate real physical output to real input. A s such, th ey encom pass a fam ily o f measures w hich include single-factor input m ea sures, such as output per unit of labor in put (output per hour) or output per unit of capital input, as well as m easures of m ultifactor productivity (output per unit of com bined labor and capital inputs). T he Bureau indexes show th e change in output relative to changes in the various inputs. The measures cover the business, nonfarm business, m anufacturing, and nonfinancial corporate sectors. C orresponding indexes of h ourly co m pensation, unit labor costs, unit nonlabor paym ents, and prices are also provided. Definitions Output per hour of all persons (labor pro ductivity) is the value o f goods and ser vices in constant prices produced per hour of labor input. Output per unit of capital services (capital productivity) is the value of goods and services in con stant dollars produced per unit of capital services input. Multifactor productivity is the value o f goods and services in constant prices produced per com bined unit o f labor and capital inputs. C hanges in this measure reflect changes in a num ber of factors w hich affect the production process, such as changes in technology, shifts in the com position of the labor force, changes in cap acity utilization, research and devel opm ent, skill and effort of the w ork force, m anagem ent, and so forth. C hanges in the output per hour m easures reflect the im pact o f these factors as well as the sub stitution of capital for labor. Compensation per hour is the wages and salaries o f em ployees plus em ployers’ contributions for social insurance and private benefit plans, and the wages, sala ries, and supplem entary paym ents for the self-em ployed (except for nonfinancial corporations in w hich there are no selfe m p lo y ed )—the sum divided by hours at work. Real compensation per hour is com pensation per hour deflated by the change in C onsum er Price Index for A ll U rban Consumers. Unit labor cost are the labor com p en sation costs expended in the production o f a unit of output and are derived by di viding com pensation by output. Unit nonlabor payments include profits, de preciation, interest, and indirect taxes per unit of output. T hey are com puted by subtracting com pensation of all persons from current-dollar value of output and dividing by output. Unit nonlabor costs contain all th e com ponents of unit nonla bor paym ents except unit profits. U n it profits include corporate profits w ith inventory valuation and capital con sum ption adjustm ents per unit of output. H ours of all persons are the total hours at work of payroll workers, self-em ployed persons, and unpaid fam ily workers. C apital services is the flow of services from the capital stock used in production. Monthly Labor Review May 1993 79 Current Labor Statistics It is developed from m easures o f th e net stock of physical assets — equipm ent, structures, land, and in ven tories— weighted by rental prices for each type of asset. Com bined units o f labor and capital in puts are derived by com bining changes in labor and capital input w ith w eights w hich represent each com p on en t’s share of total output. T he indexes for capital services and com bined units of labor and capital are based on changing w eights w hich are averages of th e shares in the current and preceding year (the T o m quist index-num ber form ula). Additional sources of information D escriptions of m ethodology underlying the m easurem ent of output per hour and m ultifactor productivity are found in the b l s H a n d b o o k o f M eth o d s, Bulletin 2414 (Bureau of Labor Statistics, 1992). H is torical data are provided in H a n d b o o k o f L a b o r S ta tistics, Bulletin 2340 (Bureau of Labor Statistics, 1989). Additional sources of information Industry productivity measures Description of the series Notes on the data The output m easure for the business sector is equal to constant-dollar gross national product but excludes th e rental value o f ow ner-occupied dw ellings, the rest-of-w orld sector, th e output of non profit institutions, the output of paid em ployees of private households, general governm ent, and th e statistical discrep ancy. Output of the nonfarm business sector is equal to business sector output less farm ing. The m easures are derived from data supplied by the U .S. D epart m ent o f C om m erce’s Bureau of E con om ic A nalysis and th e Federal R eserve Board. Q uarterly m anufacturing output indexes are adjusted by the Bureau of Labor Statistics to annual estim ates of m anufacturing output (gross pro duct originating) from the Bureau o f E conom ic A nalysis. C om pensation and hours data are developed from data o f the Bureau o f Labor Statistics and the Bureau of E con om ic A nalysis. The productivity and associated cost m easures in tables 4 4 -4 7 describe th e re lationship betw een output in real term s and the labor tim e and capital services in volved in its production. T h ey show the changes from period to period in the am ount o f goods and services produced per unit o f input. A lth ou gh these m easures relate output to hours and capital services, th ey do n ot m easure th e contributions o f labor, capital, or an y other specific factor of pro duction. R ather, th ey reflect the joint ef fe c t o f m any influences, including changes in technology; capital invest ment; level of output; u tilization o f cap ac ity, energy, and materials; the organiza tion o f production; m anagerial skill; and the characteristics and efforts of the work force. 80 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis cies, trade associations, and other sources. F or m ost industries, the productivity indexes refer to the output per hour o f all em ployees. F or som e transportation in dustries, only indexes o f output per em ployee are prepared. F or som e trade and service industries, indexes o f output per hour o f all persons (including self-em ployed) are constructed. T he b l s industry productivity data sup plem ent the measures for the business econ om y and major sectors with annual m easures o f labor productivity for se lected industries at the three- and four-digit levels of the Standard Industrial Clas sification system . The industry measures differ in m ethodology and data sources from th e productivity m easures for the major sectors because th e industry m ea sures are developed independently o f the N ation al Incom e and Product A ccou n ts fram ew ork used for th e major sector m easures. F or a listing of available industry produc tivity indexes and their com ponents, see P roductivity M easures fo r S e le cte d I n d u s tries a n d G overnm ent Services, Bulletin 2406 (Bureau o f Labor Statistics, 1992). F or additional inform ation about the m ethodology for com puting the industry productivity measures, see the b l s H a n d book o f M ethods, Bulletin 2414 (Bureau of Labor Statistics, 1992). International Comparisons (Tables 4 8 -5 0 ) Definitions Labor force and unemployment Output per em ployee hour is derived by dividing an index o f industry output by an index of aggregate hours of all em ployees. Output indexes are based on quantifiable units o f products or services, or both, com bined w ith fixed-period w eights. W henever possible, physical quantities are used as the unit of measure m ent for output. If quantity data are not available for a given industry, data on the constant-dollar value o f production are used. The labor input series consist o f the hours o f all em ployees (production and nonproduction workers), the hours o f all persons (paid em ployees, partners, pro prietors, and unpaid fam ily workers), or the num ber o f em ployees, depending upon th e industry. Description of the series Notes on the data T he industry m easures are com piled from data produced by the Bureau o f L a bor Statistics, the D epartm ents o f C om merce, Interior, and A griculture, the Federal R eserve Board, regulatory agen Tables 48 and 49 present com parative measures of the labor force, em ploy ment, and u n em p loym en t—approxim at ing U.S. co n cep ts—for th e U nited States, Canada, Australia, Japan, and several European countries. The unem ploym ent statistics (and, to a lesser extent, em ploy m ent statistics) published by other indus trial countries are not, in m ost cases, com parable to U .S. unem ploym ent statis tics. Therefore, the Bureau adjusts the figures for selected countries, w here nec essary, for all know n major definitional differences. A lth ou gh precise com para bility m ay n ot be achieved, these adjusted figures provide a better basis for interna tional com parisons than the figures regu larly published by each country. Definitions F or the principal U .S. definitions o f the labor force, em ploym ent, and unem ploy ment, see the N otes section on E m ploy m ent and U nem ploym ent Data: H ouse hold Survey D ata. Notes on the data The adjusted statistics have been adapted to the age at w hich com pulsory schooling ends in each country, rather than to the U .S. standard o f 16 years of age and old er. Therefore, the adjusted statistics re late to the population age 16 and older in France, Sweden, and from 1973 onward, the U nited K ingdom ; 15 and older in Canada, A ustralia, Japan, G erm any, the N etherlands, and prior to 1973, the United K ingdom ; and 14 and older in Ita ly. The institutional population is in cluded in the denom inator of th e labor force participation rates and em ploy m ent-population ratios for Japan and Germ any; it is excluded for th e U nited States and the other countries. In the U .S. labor force survey, persons on layoff w ho are aw aiting recall to their jobs are classified as unem ployed. Euro pean and Japanese layoff practices are quite different in nature from those in the United States; therefore, strict applica tion o f the U .S. definition has n ot been made on this point. F or further inform a tion, see M o n th ly L a b o r R eview , D ecem ber 1981, pp. 8 -1 1 . The figures for one or m ore recent years for France, G erm any, Italy, the N etherlands, and the U nited K ingdom are calculated using adjustm ent factors based on labor force surveys for earlier years and are considered prelim inary. The recent-year m easures fo r these cou n tries are, therefore, subject to revision w henever data from more current labor force surveys becom e available. There are breaks in the data series for G erm any (1983), Italy (1986), the N e th erlands (1983), and Sweden (1987). For both G erm any and the N etherlands, the breaks reflect the replacem ent of labor force survey results tabulated by the na tional statistical offices w ith those tabu lated by the European C om m unity Statis tical O ffice (E u r o s t a t ). T he D u tch figures for 1983 onw ard also reflect the replacem ent o f m an-year em ploym ent data w ith data from the D u tch Survey of E m ployed Persons. The im p act o f the changes was to low er the adjusted unem ploym ent rate by 0.3 percentage point for G erm any and by about 2 percentage points for the N etherlands. F or Italy, th e break in series reflects m ore accurate enum eration of tim e o f last job search. T his resulted in a significant increase in the num ber o f people reported as seeking work in the last 30 days. The im pact was to increase the Italian unem ploym ent rates approxim ating U .S. con cepts by about 1 percentage point. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Sweden introduced a new question naire. Q uestions regarding current avail ability were added and th e period of ac tive workseeking w as reduced from 60 days to 4 weeks. These changes result in low ering Sw eden’s unem ploym ent rate by 0.5 percentage point. Additional sources of information F or further inform ation, see In te r n a tional C om parisons o f U n e m p lo y m e n t, Bulletin 1979 (Bureau of Labor Statistics, 1978), A ppendix B, and Supplem ents to A ppendix B. The statistics are also ana lyzed periodically in the M o n th ly L a b o r Review . A dditional historical data, gener ally beginning w ith 1959, are published in the H a n d b o o k o f L a b o r Sta tistics, Bulle tin 2340 (Bureau of L abor Statistics, 1989) and are available in statistical sup plem ents to Bulletin 1979. Manufacturing productivity and labor costs Description of the series Table 50 presents com parative measures of manufacturing labor productivity, hourly com pensation costs, and unit la bor costs for th e U nited States, Canada, Japan, and nine European countries. These measures are lim ited to trend co m parison s—that is, intercountry series of changes over tim e —rather than level com parisons because reliable interna tional com parisons o f the levels of m an ufacturing output are unavailable. In addition, for som e countries, com p en sation is adjusted for other significant taxes on payrolls or em ploym ent (or re duced to reflect subsidies), even if they are n ot for the direct benefit of workers, because such taxes are regarded as labor costs. H ow ever, com pensation does not include all item s of labor cost. The costs of recruitm ent, em ployee training, and plant facilities and services —such as cafe terias and m edical c lin ic s—are not co v ered because data are n ot available for m ost countries. Self-em ployed workers are included in the U .S. and Canadian com pensation figures by assum ing that their hourly com pensation is equal to the average for wage and salary em ployees. Notes on the data For m ost of the countries, the measures refer to total m anufacturing as defined by the International Standard Industrial C lassification. H ow ever, the measures for France (beginning 1959), Italy (begin ning 1970), and th e United K ingdom (be ginning 1971) refer to manufacturing and mining less energy-related products, and the figures for the N etherlands exclude petroleum refining from 1969 to 1976. For all countries, m anufacturing includes the activities of governm ent enterprises. The figures for one or more recent years are generally based on current in d i cators o f m anufacturing output, em ploy ment, hours, and hourly com pensation and are considered prelim inary until the national accounts and other statistics used for the long-term measures becom es available. Definitions Additional sources of information Output is constant (value added), gener ally taken from the national accounts of each country. W hile th e national ac counting m ethods fo r measuring real out put differ considerably am ong the 12 countries, th e use o f different procedures does not, in itself, conn ote lack of co m parability—rather, it reflects differences am ong countries in the availability and reliability o f underlying data series. Hours refer to all em ployed persons in cluding the self-em ployed in the U nited States and Canada; to all wage and salary em ployees in th e other countries. The U .S. hours m easure is hours paid; the hours measures for th e other countries are hours worked. Compensation (labor cost) includes all paym ents in cash or kind m ade directly to em ployees plus em ployer expenditures for legally required insurance program s and contractual and private benefit plans. For additional inform ation, see b l s H a n d b o o k o f M ethods, Bulletin 2414 (Bureau of Labor Statistics, 1992), and periodic M o n th ly L a b o r Review articles. H istorical data are provided in the H a n d book o f L a b o r Statistics, Bulletin 2340 (Bureau of Labor Statistics, 1989). The statistics are issued tw ice per y e a r —in a new s release (generally in June) and in a M o n th ly L a b o r Review article. Occupational Injury and Illness Data (Table 50) Description of the series The A nnual Survey of O ccupational Inju ries and Illnesses is designed to collect Monthly Labor Review May 1993 81 Current Labor Statistics data on injuries and illnesses based on re cords w hich em ployers in the follow in g industries m aintain under the O ccupa tional Safety and H ealth A ct o f 1970: agriculture, forestry, and fishing; oil and gas extraction; construction; m anufac turing; transportation and public u tili ties; w holesale and retail trade; finance, insurance, and real estate; and services. Excluded from the survey are self-em ployed individuals, farm ers w ith few er than 11 em ployees, em ployers regulated by other Federal safety and health law s, and Federal, State, and local governm ent agencies. Because the survey is a Federal-State cooperative program and th e data must m eet the needs of participating State agencies, an independent sam ple is se lected for each State. The sam ple is se lected to represent all private industries in the States and territories. T he sam ple size for the survey is dependent upon (1) the characteristics for w hich estim ates are needed; (2) the industries fo r w hich estim ates are desired; (3) the characteris tics of the population being sam pled; (4) the target reliability of th e estim ates; and (5) the survey design em ployed. W hile there are m any characteristics upon w h ich th e sam ple design could be based, th e total recorded case incidence rate is used because it is one of the m ost im portant characteristics and the least variable; therefore, it requires th e sm all est sam ple size. The survey is based on stratified ran dom sam pling w ith a N eym an allocation and a ratio estim ator. The characteristics used to stratify the establishm ents are the Standard Industrial C lassification (sic) cod e and size o f em ploym ent. ing a single environm ent. incident in th e work Occupational illness is an abnorm al condition or disorder, other than one re sulting from an occupational injury, caused by exposure to environm ental fa c tors associated with em ploym ent. It in cludes acute and chronic illnesses or dis ease w hich m ay be caused by inhalation, absorption, ingestion, or direct contact. Lost workday cases are cases w hich in volve days aw ay from work, or days of re stricted work activity, or both. Lost workday cases involving re stricted work activity are those cases w hich result in restricted work activity only. Lost workdays away from work are the num ber of workdays (consecutive or n ot) on w hich the em ployee would have worked but could n ot because of occupa tional injury or illness. Lost workdays—restricted work ac tivity are th e number o f w orkdays (con secutive or not) on w hich, because of inju ry or illness: (1) the em ployee was assigned to another job on a tem porary basis; or (2) the em ployee worked at a perm anent job less than fu ll time; or (3) the em ployee worked at a perm anently assigned job but could n ot perform all du ties norm ally connected w ith it. The num ber of days aw ay from work or days o f restricted work activity does n ot include the day of injury or onset of illness or any days on w hich the em ployee would n ot have worked even though able to work. Incidence rates represent the number of injuries a n d /o r illnesses or lost work days per 100 full-tim e workers. Definitions Notes on the data Recordable occupational injuries and ill nesses are: (1) occupational deaths, re Estim ates are m ade for industries and em ploym ent-size classes and for severity classification: fatalities, lost w orkday cases, and nonfatal cases w ithout lost workdays. L ost w orkday cases are sepa rated into those in w hich th e em ployee w ould have worked but could n ot and th ose in w hich work activity was re stricted. Estim ates o f the num ber of cases and the num ber o f days lost are m ade for both categories. M ost of the estim ates are in th e form of incidence rates, defined as the num ber of injuries and illnesses, or lost workdays gardless o f the tim e between injury and death, or the length of the illness; or (2) nonfatal occupational illnesses; or (3) nonfatal occupational injuries w h ich in volve one or m ore o f the follow ing: loss of consciousness, restriction o f w ork or m o tion, transfer to another job, or m edical treatm ent (other than first aid). Occupational injury is an y injury, such as a cut, fracture, sprain, am puta tion, and so forth, w hich results from a work accident or from exposure involv 82 M o n t h l y L a b o r R e v ie w https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M a y 1993 per 100 full-tim e em ployees. F or this pur pose, 200,000 em ployee hours represent 100 em ployee years (2,000 hours per em ployee). A few o f the available measures are included in the H a n d b o o k o f L a b o r S tatistics. F u ll detail is presented in the annual bulletin, O ccupational Injuries a n d Illnesses in th e U n ited S ta te s, by In d u stry . C om parable data for individual States are available from th e b l s O ffice of Safe ty, H ealth, and W orking C onditions. M ining and railroad data are furnished to b l s by the M ine Safety and H ealth A d m inistration and th e Federal R ailroad A dm inistration, respectively, D ata from these organizations are included in b l s and State publications. Federal em ployees experience is com piled and pub lished by the O ccupational Safety and H ealth A dm inistration. D ata on State and local governm ent em ployees are c o l lected by about half o f the States and ter ritories; these data are n ot com piled nationally. Additional sources of information The Supplem entary D ata System pro vides detailed inform ation describing various factors associated w ith work-re lated injuries and illnesses. These data are obtained from inform ation reported by em ployers to State w orkers’ com pensa tion agencies. The W ork Injury R eport program exam ines selected types of acci dents through an em ployee survey w hich focuses on th e circum stances surround ing the injury. These data are not included in the H a n d b o o k o f L a b o r S ta tistics but are available from the b l s O ffice o f Safety, H ealth, and W orking C onditions. The definitions o f occupational inju ries and illnesses and lost workdays are from R ec o rd k ee p in g R eq u ire m e n ts u n d e r th e O ccupational S a fe ty a n d H e a lth A ct o f 1970. F or additional data, see O ccupa tional Injuries and Illnesses in the United States, by Industry, annual Bureau o f L a bor Statistics bulletin; b l s H a n d b o o k o f M ethods, B ulletin 2414 (Bureau o f Labor Statistics, 1992); H a n d b o o k o f L a b o r S ta tistics, Bulletin 2340 (Bureau o f Labor Statistics, 1989), pp. 4 1 1 -1 4 ; annual re ports in th e M o n th ly L a b o r R eview ; and annual U .S. D epartm ent of Labor press releases. 1. Labor market indicators 1992 1991 Selected indicators 1992 1991 IV III II I II I III IV Employment data Employment status of the civilian noninstitutionalized population (household survey):1 66.0 61.6 6.7 7.0 14.3 5.7 6.3 12.4 5.1 1.9 66.3 61.4 7.4 7.8 15.3 6.4 6.9 13.0 5.7 2.6 66.1 61.8 6.5 6.8 13.8 5.4 6.2 11.8 5.0 1.6 66.2 61.7 6.7 7.1 14.4 5.7 6.3 12.2 5.1 1.8 65.9 61.5 6.7 7.2 14.7 5.7 6.2 12.3 5.0 1.9 66.0 61.4 7.0 7.2 14.7 5.9 6.7 13.2 5.3 2.2 66.1 61.3 7.3 7.7 15.4 6.3 6.7 12.4 5.6 2.5 66.4 61.4 7.5 7.9 15.6 6.5 6.9 13.0 5.7 2.6 66.4 61.4 7.5 7.9 15.3 6.5 7.1 13.4 5.8 2.8 66.2 61.4 7.3 7.6 14.7 6.3 6.9 12.9 5.8 2.8 108,310 89,930 23,830 18,455 84,480 108,437 89,858 23,420 18,190 85,017 108,582 90,250 24,071 18,586 84,511 108,223 89,846 23,844 18,445 84,379 108,250 89,868 23,779 18,427 84,471 108,193 89,765 23,634 18,359 84,559 108,147 89,672 23,528 18,284 84,619 108,432 89,890 23,516 18,263 84,916 108,525 89,879 23,372 18,163 85,153 108,656 89,992 23,271 18,059 85,385 34.3 40.7 3.6 34.4 41.0 3.8 34.2 40.4 3.4 34.3 40.5 3.5 34.3 40.8 3.7 34.4 40.9 3.7 34.5 41.0 3.7 34.4 41.1 4.0 34.4 41.0 3.7 34.5 41.2 3.9 4.3 4.4 4.6 4.3 3.6 3.5 3.5 3.8 3.2 3.7 1.4 1.4 1.4 1.4 1.3 1.0 1.2 1.2 1.2 .2 1.2 1.1 1.1 1.1 1.7 .6 .6 .8 .5 .4 1.2 1.3 1.4 1.1 .7 .6 .7 .7 .7 .4 1.1 .8 .9 .7 1.9 .6 .7 .7 .7 .6 4.6 4.3 4.3 3.2 1.2 1.4 1.2 1.2 1.2 1.0 .9 .6 1.8 1.1 .8 .6 1.1 .8 .6 .7 Employment, nonfarm (payroll data), in thousands:1 Goods-producing........................................................................ Manufacturing.......................................................................... Average hours: Employment Cost Index Percent change in the ECI, compensation: All workers (excluding farm, household, and Federal workers)..... Workers by bargaining status (private industry): N ° n on 2 Quarterly data seasonally adjusted. Goods-producing industries include mining, construction, and manufacturing. Service-producing industries include all other private sector industries. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 83 Current Labor Statistics : Comparative Indicators 2. Annual and quarterly percent changes in compensation, prices, and productivity 1991 Selected measures Compensation data: 1991 1992 1992 I II III IV I II III IV 2 Employment Cost Index-compensation (wages, salaries, benefits): Civilian nonfarm ................................................................ Private nonfarm............................................................... Employment Cost Index-wages and salaries Civilian nonfarm ................................................................ Private nonfarm ............................................................... 4.3 4.4 3.5 3.5 1.4 1.4 1.0 1.2 1.2 1.1 0.6 .6 1.2 1.3 0.6 .7 1.1 .8 0.6 .7 3.6 3.7 2.7 2.6 1.1 1.1 .8 1.0 1.0 .8 .5 .6 .8 .8 .5 .6 .8 .5 .5 .6 Consumer Price Index (All urban consumers): All items..... 3.1 2.9 .9 .7 .9 .5 1.0 .6 .8 .4 Producer Price Index: Finished goods................................................................. Finished consumer goods................................................ Capital equipment ........................................................... Intermediate materials, supplies, components ................... Crude materials................................................................ -.1 -.9 2.5 -2.6 -11.6 1.6 1.5 1.6 1.1 2.9 -.9 -1.5 1.0 -2.1 -8.4 .8 .9 .2 .1 -1.4 -.4 -.4 -.2 .3 -1.8 .4 .1 1.4 -.8 -.3 .2 .1 .7 -.1 .2 1.4 1.8 .0 1.6 4.3 -.5 -.3 -.6 .3 .3 .4 -.1 1.6 -.8 -1.9 .3 .5 1.8 2.9 2.8 “ -1.1 -.7 1.5 1.6 1.7 2.1 1.9 1.9 2.1 3.3 2.5 4.2 3.9 3.7 2.3 1.0 1.7 2.5 3.3 2.9 5.1 4.9 4.8 Price data:’ Productivity data:3 Output per hour of all persons: Business sector............................................................... Nonfarm business sector................................................. Nonfinancial corporations 4 .............................................. ' Annual changes are December-to-December change. Quarterly changes are calculated using the last month of each quarter. Compensation and price data are not seasonally adjusted and the price data are not compounded. 2 Excludes Federal and private household workers. 3 Annual rates of change are computed by comparing annual averages. Quarterly percent changes reflect annual rates of change in quarterly in dexes. The data are seasonally adjusted. 4 Output per hour of all employees. - Data not available. 3. Alternative measures of wage and compensation changes Quarterly average Components 1£91 III Four quarters ended- 1992 IV I 1991 III H 1992 IV Average hourly compensation:' All persons, business sector............. All persons, nonfarm business sector 3.9 3.9 3.5 3.1 4.0 3.8 1.9 2.4 4.5 4.2 4.4 4.3 3.7 3.7 Employment Cost Index-compensation: Civilian nonfarm 2 .............................. Private nonfarm .............................. Union........................................... Nonunion...................................... State and local governments........... 1.2 1.1 1.2 1.0 1.7 .6 .6 .9 .6 .4 1.2 1.3 1.8 1.1 .7 .6 .7 .8 .6 .4 1.1 .8 1.1 .8 1.9 .6 .7 .6 .7 .6 3.5 3.5 4.3 3.2 3.7 Employment Cost Index-wages and salaries: Civilian nonfarm2 .................................... Private nonfarm ................................... Union................................................. Nonunion........................................... State and local governments................. 1.0 .8 .8 .9 1.7 .5 .6 .8 .5 .4 .8 .8 .8 .8 .5 .5 .6 .9 .5 .4 .8 .5 .8 .5 1.5 .5 .6 .5 .6 .6 3.8 3.7 3.6 3.7 3.9 3.1 2.5 3.0 Total effective wage adjustments3. From current settlements....... From prior settlements........... From cost-of-living provision .... 1.1 .3 .7 .1 .7 .3 .3 .1 .6 .1 .4 .1 1.0 .2 .7 .1 1.0 .3 .6 .1 .4 .2 .2 .1 3.5 3.1 Negotiated wage adjustments from settlements:3 First-year adjustments.................................. Annual rate over life of contract.................... 3.2 3.0 3.7 3.2 3.1 3.1 2.8 3.0 2.9 3.1 1.8 2.6 2.7 3.0 Negotiated wage and benefit adjustments from settli First-year adjustment.................................. Annual rate over life of contract.................. 3.7 3.2 3.6 2.9 2.7 3.5 3.6 3.6 3.3 3.0 1.4 2.7 3.0 3.1 Seasonally adjusted. Excludes Federal and household workers. Limited to major collective bargaining units of 1,000 workers or more. The 84 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.1 1.8 .6 2.7 2.6 .8 1.9 .4 most recent data are preliminary. 4 Limited to major collective bargaining units of 5,000 workers or more. The most recent data are preliminary. 4. Employment status of the population, by sex, age, race and Hispanic origin, monthly data seasonally adjusted (Numbers in thousands) 1991 1992 1993 1992 Annual average Employment status Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. TOTAL Civilian noninstitutional population1.................................. Participation rate ................. Employed ................................. Employment-population 189,765 191,576 191,022 191,168 191,307 191,455 191,622 191,790 191,947 192,131 192,316 192,509 192,644 192,786 192,959 125,303 126,982 126,548 126,743 127,039 127,298 127,350 127,404 127,274 127,066 127,365 127,591 127,083 127,327 127,429 66.3 66.0 66.1 66.2 66.0 66.0 66.4 66.3 66.5 66.5 66.4 66.3 66.2 66.3 66.0 116,877 117,598 117,264 117,518 117,580 117,510 117,722 117,780 117,724 117,687 118,064 118,311 118,071 118,451 118,565 61.6 8,426 6.7 64,462 61.4 9,384 7.4 64,593 61.4 9,284 7.3 64,474 61.5 9,225 7.3 64,425 61.5 9,459 7.4 64,268 61.4 9,788 7.7 64,157 61.4 9,628 7.6 64,272 61.4 9,624 7.6 64,386 61.3 9,550 7.5 64,673 61.3 9,379 7.4 65,065 61.4 9,301 7.3 64,951 61.5 9,280 7.3 64,918 61.3 9,013 7.1 65,561 61.4 8,876 7.0 65,459 61.4 8,864 7.0 65,530 83,806 64,822 77.3 60,714 84,891 65,638 77.3 61,019 84,590 65,436 77.4 60,843 84,671 65,572 77.4 61,033 84,755 65,844 77.7 61,087 84,842 65,813 77.6 61,027 84,944 65,782 77.4 61,070 85,010 65,857 77.5 61,104 85,075 65,805 77.3 61,125 85,159 65,811 77.3 61,088 85,259 65,740 77.1 61,206 85,369 65,785 77.1 61,326 85,445 65,624 76.8 61,423 85,554 65,734 76.8 61,479 85,664 65,901 76.9 61,466 72.4 2,358 58,356 4,109 6.3 71.9 2,355 58,664 4,619 7.0 71.9 2,353 58,490 4,593 7.0 72.1 2,351 58,682 4,539 6.9 72.1 2,366 58,721 4,757 7.2 71.9 2,366 58,661 4,786 7.3 71.9 2,359 58,711 4,712 7.2 71.9 2,363 58,741 4,753 7.2 71.8 2,382 58,743 4,680 7.1 71.7 2,378 58,710 4,723 7.2 71.8 2,326 58,880 4,534 6.9 71.8 2,371 58,955 4,459 6.8 71.9 2,340 59,083 4,201 6.4 71.9 2,299 59,180 4,255 6.5 71.8 2,248 59,218 4,435 6.7 Civilian noninstitutional population1.................................. Civilian labor force...................... Participation rate ................. Employed ................................. Employment-population 92,584 53,563 57.9 50,535 93,524 54,594 58.4 51,181 93,256 54,458 58.4 51,114 93,320 54,534 58.4 51,136 93,416 54,468 58.3 51,104 93,479 54,682 58.5 51,233 93,562 54,834 58.6 51,307 93,635 54,773 58.5 51,247 93,703 54,611 58.3 51,141 93,771 54,578 58.2 51,182 93,849 54,832 58.4 51,435 93,960 55,010 58.5 51,494 94,007 54,733 58.2 51,246 94,088 54,742 58.2 51,466 94,148 54,779 58.2 51,668 Agriculture............................. Nonagricultural industries....... 54.6 642 49,893 3,028 5.7 54.7 627 50,553 3,413 6.3 54.8 650 50,464 3,344 6.1 54.8 648 50,488 3,398 6.2 54.7 619 50,485 3,364 6.2 54.8 665 50,568 3,449 6.3 54.8 617 50,690 3,527 6.4 54.7 619 50,628 3,526 6.4 54.6 594 50,547 3,470 6.4 54.6 584 50,598 3,396 6.2 54.8 616 50,819 3,397 6.2 54.8 613 50,881 3,516 6.4 54.5 608 50,638 3,486 6.4 54.7 551 50,915 3,276 6.0 54.9 618 51,050 3,111 5.7 13,376 6,918 51.7 5,628 13,161 6,751 51.3 5,398 13,176 6,654 50.5 5,307 13,177 6,637 50.4 5,349 13,136 6,727 51.2 5,389 13,134 6,803 51.8 5,250 13,116 6,734 51.3 5,345 13,145 6,774 51.5 5,429 13,169 6,858 52.1 5,458 13,200 6,677 50.6 5,417 13,208 6,793 51.4 5,423 13,181 6,796 51.6 5,491 13,191 6,726 51.0 5,401 13,143 6,851 52.1 5,506 13,147 6,749 51.3 5,431 42.1 233 5,395 1,290 18.6 41.0 225 5,174 1,352 20.0 40.3 191 5,116 1,347 20.2 40.6 207 5,142 1,288 19.4 41.0 201 5,188 1,338 19.9 40.0 213 5,037 1,553 22.8 40.8 231 5,114 1,389 20.6 41.3 236 5,193 1,345 19.9 41.4 245 5,213 1,400 20.4 41.0 207 5,210 1,260 18.9 41.1 267 5,156 1,370 20.2 41.7 278 5,213 1,305 19.2 40.9 243 5,158 1,325 19.7 41.9 266 5,240 1,345 19.6 41.3 216 5,215 1,318 19.5 Unemployment rate............. Not in labor force ....................... Men, 20 years and over Civilian noninstitutional population1.................................. Employed ................................. Employment-population Agriculture............................. Unemployment rate............. Women, 20 years ond over Unemployment rate............. Both sexes, 16 to 19 years Civilian noninstitutional population1.................................. Civilian labor force...................... Employed ................................. Employment-population Agriculture............................. Unemployment rate............. White Civilian noninstitutional population’ ................................. 161,511 162,658 162,305 162,398 162,483 162,575 162,682 162,791 162,891 163,013 163,132 163,259 163,343 163,429 163,543 107,486 108,526 108,405 108,412 108,551 108,671 108,783 108,707 108,606 108,483 108,723 108,946 108,729 108,754 108,998 66.7 66.5 66.6 66.7 66.6 66.8 66.5 66.8 66.9 66.6 66.8 66.8 66.8 66.7 66.6 Employed ................................. 101,039 101,479 101,340 101,479 101,530 101,307 101,558 101,524 101,412 101,458 101,816 102,043 101,987 102,109 102,339 Employment-population 62.4 62.4 62.3 62.2 62.5 62.4 62.5 62.4 62.3 62.6 62.5 62.5 62.4 62.4 62.6 7,194 7,025 6,907 7,183 6,903 6,742 6,645 7,364 7,225 7,021 6,659 6,933 7,047 7,065 6,447 6.4 6.6 6.6 6.5 6.3 6.2 6.1 6.6 6.1 6.4 6.5 6.8 6.5 6.5 6.0 Unemployment rate............. Black Civilian noninstitutional population1................................. Participation rate ................ Employed................................ Employment-population Unemployment rate............ 21,615 13,542 62.6 11,863 21,958 13,891 63.3 11,933 21,854 13,729 62.8 11,814 21,882 13,756 62.9 11,857 21,909 13,869 63.3 11,858 21,937 14,001 63.8 11,971 21,966 13,995 63.7 11,979 21,997 14,106 64.1 12,098 22,027 13,981 63.5 12,033 22,061 13,948 63.2 11,984 22,096 13,894 62.9 11,948 22,131 13,935 63.0 11,960 22,157 13,822 62.4 11,853 22,184 14,018 63.2 12,186 22,217 13,834 62.3 11,962 54.9 1,679 12.4 54.0 1,958 14.1 54.1 1,915 13.9 54.2 1,899 13.8 54.1 2,011 14.5 54.6 2,030 14.5 54.5 2,016 14.4 55.0 2,008 14.2 54.6 1,948 13.9 54.3 1,964 14.1 54.1 1,946 14.0 54.0 1,975 14.2 53.5 1,969 14.2 54.9 1,832 13.1 53.8 1,871 13.5 See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review M ay 1993 85 Current Labor Statistics: Employment Data 4. Continued— Employment status of the population, by sex, age, race and Hispanic origin, monthly data seasonally adjusted (Numbers in thousands) Annual average 1992 Employment status 1993 1991 1992 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 14,770 9,762 66.1 8,799 15,244 10,131 66.5 8,971 15,106 10,116 67.0 8,973 15,145 10,032 66.2 8,987 15,184 10,092 66.5 8,951 15,224 10,126 66.5 8,927 15,263 10,150 66.5 8,955 15,303 10,116 66.1 8,969 15,342 10,213 66.6 9,028 15,382 10,210 66.4 9,011 15,421 10,211 66.2 8,990 15,461 10,351 66.9 9,145 15,500 10,225 66.0 9,043 15,540 10,280 66.1 9,108 15,585 10,343 66.4 9,166 59.6 963 9.9 58.9 1,160 11.4 59.4 1,143 11.3 59.3 1,045 10.4 59.0 1,141 11.3 58.6 1,199 11.8 58.7 1,195 11.8 58.6 1,147 11.3 58.8 1,185 11.6 58.6 1,199 11.7 58.3 1,221 12.0 59.1 1,206 11.7 58.3 1,182 11.6 58.6 1,171 11.4 58.8 1,177 11.4 Hispanic origin Civilian noninstitutional population'.................................. Civilian labor force...................... Participation rate ................. Employed ................................. Employment-population ratio2 .................................. Unemployed............................. Unemployment rate............. 2 Civilian employment as a percent of the civilian noninstitutional population. NOTE: Detail for the above race and Hispanic-origin groups will not sum to totals 5. because data for the "other races” groups are not presented and Hispanics are included in both the white and black population groups. Selected employment indicators, monthly data seasonally adjusted (In thousands) Annual average 1991 1992 1992 Mar. Apr. May June July 1993 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. CHARACTERISTIC Employed, 16 years and over...... 116,877 117,598 117,264 117,518 117,580 117,510 117,722 117,780 117,724 117,687 118,064 118,311 118,071 118,451 118,565 Men........................................ 63,593 63,805 63,547 63,777 63,830 63,751 63,830 63,901 63,976 63,924 64,043 64,194 64,186 64,338 64,332 53,284 53,793 53,717 53,741 53,750 53,759 53,892 53,879 53,748 53,763 54,021 54,117 53,885 54,114 54,233 Women .................................. Married men, spouse present .. 40,423 40,303 40,163 40,317 40,408 40,345 40,252 40,318 40,292 40,324 40,487 40,639 40,607 40,903 40,902 Married women, spouse present.................................. 29,773 30,136 30,096 30,052 30,160 30,303 30,269 30,212 30,108 30,030 30,244 30,403 30,298 30,515 30,669 Women who maintain families . 6,457 6,582 6,552 6,549 6,565 6,579 6,565 6,641 6,639 6,626 6,585 6,548 6,555 6,615 6,792 MAJOR INDUSTRY AND CLASS OF WORKER Agriculture: Wage and salary workers ....... Self-employed workers........... Unpaid family workers............ Nonagricultural industries: Wage and salary workers ....... Government ......................... Private industries.................. Private households............ Other................................. Self-employed workers........... Unpaid family workers............ 1,673 1,442 118 1,696 1,398 113 1,730 1,371 96 1,747 1,366 100 1,682 1,400 101 1,701 1,396 128 1,712 1,392 111 1,698 1,417 103 1,694 1,397 108 1,656 1,405 118 1,685 1,370 163 1,735 1,397 106 1,661 1,404 145 1,614 1,363 136 1,568 1,377 130 104,520 105,540 105,154 105,494 105,634 105,365 105,619 105,697 105,643 105,863 105,913 105,978 105,883 106,163 106,447 17,901 18,086 17,817 17,699 17,934 18,184 18,275 18,378 18,505 18,371 18,216 18,065 18,481 18,507 18,536 86,619 87,454 87,337 87,795 87,700 87,181 87,344 87,319 87,138 87,492 87,697 87,913 87,402 87,655 87,911 994 1,116 1,071 1,102 1,085 1,139 1,232 1,116 1,158 1,102 1,109 1,091 1,061 1,071 1,143 85,625 86,338 86,266 86,693 86,615 86,042 86,112 86,203 85,980 86,390 86,588 86,822 86,341 86,584 86,769 8,899 8,619 8,663 8,491 8,586 8,595 8,663 8,642 8,662 8,558 8,700 8,668 8,793 9,065 8,832 232 225 240 247 245 253 250 242 217 189 220 221 250 226 206 PERSONS AT WORK PART TIME’ All industries: Part time for economic reasons . Slack work ............................. Could only find part-time work Voluntary part time ................... Nonagricultural industries: Part time for economic reasons . Slack work ............................. Could only find part-time work Voluntary part time ................... 6,046 3,201 2,534 15,024 6,385 3,220 2,867 14,759 6,436 3,216 2,912 14,501 6,343 3,115 2,865 14,853 6,486 3,314 2,863 14,589 6,100 3,289 2,592 15,223 6,342 3,283 2,740 14,945 6,352 3,254 2,849 15,082 6,362 3,171 2,879 14,805 6,434 3,160 2,988 14,726 6,493 3,161 3,060 14,834 6,349 3,206 2,865 14,895 6,113 2,994 2,887 14,788 6,461 3,150 2,991 14,698 6,194 3^039 2,855 14,799 5,767 3,011 2,455 14,584 6,116 3,037 2,792 14,329 6,142 3,005 2,853 14,008 6,030 2,852 2,782 14,432 6,181 3,107 2,783 14,135 5,921 3,138 2,519 14,819 6,069 3,123 2,659 14,491 6,099 3,121 2,756 14,721 6,096 3,001 2,826 14,358 6,151 2,993 2,905 14,324 6,230 2,984 2,998 14,413 6,063 3,024 2,793 14,476 5,887 2,800 2,849 14,364 6,242 2,990 2,931 14,282 5,965 2,887 2,781 14,319 1 Excludes persons “with a job but not at work” during the survey period for such reasons as vacation, illness, or industrial disputes. 86 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6. Selected unemployment indicators, monthly data seasonally adjusted (Unemployment rates) 1993 1992 Annual average Selected categories May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 1991 1992 Mar. Apr. Total, all workers........................... Both sexes, 16 to 19 years....... Men, 20 years and over........... Women, 20 years and over....... 6.7 18.6 6.3 5.7 7.4 20.0 7.0 6.3 7.3 20.2 7.0 6.1 7.3 19.4 6.9 6.2 7.4 19.9 7.2 6.2 7.7 22.8 7.3 6.3 7.6 20.6 7.2 6.4 7.6 19.9 7.2 6.4 7.5 20.4 7.1 6.4 7.4 18.9 7.2 6.2 7.3 20.2 6.9 6.2 7.3 19.2 6.8 6.4 7.1 19.7 6.4 6.4 7.0 19.6 6.5 6.0 7.0 19.5 6.7 5.7 White, total.......................... Both sexes, 16 to 19 years Men, 16 to 19 years .... Women, 16 to 19 years . Men, 20 years and over ... Women, 20 years and over 6.0 16.4 17.5 15.2 5.7 4.9 6.5 17.1 18.4 15.7 6.3 5.4 6.5 18.1 20.0 16.0 6.3 5.4 6.4 16.5 17.8 15.0 6.2 5.4 6.5 16.7 18.4 14.9 6.4 5.2 6.8 19.9 21.2 18.4 6.5 5.5 6.6 17.6 18.8 16.3 6.4 5.6 6.6 16.9 18.5 15.2 6.4 5.6 6.6 17.3 18.7 15.8 6.4 5.6 6.5 15.5 15.9 15.1 6.3 5.5 6.4 17.1 17.7 16.4 6.1 5.3 6.3 16.2 17.2 15.1 6.0 5.6 6.2 16.5 18.1 14.9 5.8 5.5 6.1 16.8 17.9 15.6 5.8 5.2 6.1 16.3 16.5 16.0 6.0 5.0 Black, total .......................... Both sexes, 16 to 19 years Men, 16 to 19 years.... Women, 16 to 19 years . Men, 20 years and over ... Women, 20 years and over 12.4 36.3 36.5 36.1 11.5 10.5 14.1 39.8 42.0 37.2 13.4 11.7 13.9 37.3 38.3 36.1 13.8 11.4 13.8 39.5 43.2 35.7 12.8 11.8 14.5 42.5 43.0 42.1 13.8 11.9 14.5 41.0 45.1 36.4 13.6 12.2 14.4 40.5 42.3 38.4 13.6 12.1 14.2 37.4 42.7 31.8 13.8 11.9 13.9 42.2 44.3 39.8 13.5 11.0 14.1 42.2 44.2 39.8 13.7 11.3 14.0 41.3 44.8 37.5 13.0 11.8 14.2 39.6 42.2 36.5 13.3 11.9 14.2 38.7 39.0 38.5 13.0 12.5 13.1 38.0 37.4 38.6 11.9 11.2 13.5 43.9 45.4 42.0 13.1 10.4 Hispanic origin, total 9.9 11.4 11.3 10.4 11.3 11.8 11.8 11.3 11.6 11.7 12.0 11.7 11.6 11.4 11.4 Married men, spouse present.... Married women, spouse present Women who maintain families .... Full-time workers...................... Part-time workers ..................... Unemployed 15 weeks and over Labor force time lost1 ............... 4.4 4.5 9.1 6.5 8.3 1.9 7.6 5.0 5.0 9.9 7.1 9.2 2.6 8.3 4.9 4.9 9.9 7.0 9.0 2.5 8.3 4.8 5.0 10.0 7.0 8.9 2.4 8.2 5.0 5.0 9.9 7.1 9.3 2.6 8.3 5.1 5.2 10.1 7.4 9.3 2.7 8.4 5.2 5.2 10.3 7.3 9.2 2.8 8.4 5.3 5.0 10.3 7.3 9.1 2.8 8.4 5.2 5.0 9.1 7.2 9.5 2.8 8.3 5.1 5.1 9.3 7.1 9.2 2.8 8.3 4.9 5.0 10.4 7.0 9.2 2.7 8.3 4.8 5.0 10.3 6.9 9.7 2.8 8.1 4.5 4.9 10.6 6.7 9.3 2.6 7.9 4.5 4.4 10.2 6.6 9.1 2.5 7.9 4.7 4.3 9.0 6.6 8.9 2.4 7.9 7.0 7.7 15.4 7.2 7.5 6.8 5.3 7.6 5.4 3.2 11.6 7.7 7.9 16.7 7.8 8.0 7.5 5.5 8.4 6.1 3.5 12.3 7.7 7.7 17.3 7.4 7.5 7.2 5.7 8.5 6.1 3.6 10.5 7.6 7.3 16.6 7.6 7.6 7.6 4.7 8.3 6.0 3.5 10.9 7.7 8.5 16.9 7.7 7.8 7.6 5.1 8.4 6.2 3.5 13.3 7.9 9.0 17.4 8.1 8.1 8.1 5.5 8.6 6.1 3.5 12.8 7.8 9.9 17.0 8.2 8.4 8.0 5.7 8.5 6.0 3.4 13.8 7.9 10.6 17.0 8.0 8.3 7.4 5.4 9.0 6.1 3.4 11.4 7.8 7.2 17.4 8.1 8.4 7.7 5.7 8.5 6.0 3.4 14.3 7.8 8.3 16.1 8.2 8.9 7.3 5.8 8.1 6.4 3.0 12.5 7.5 5.3 14.5 8.0 8.5 7.3 6.1 7.9 6.1 3.8 13.5 7.5 5.5 15.7 7.2 7.5 6.9 5.6 8.0 6.5 3.6 12.2 7.3 7.8 14.3 7.3 7.3 7.2 4.9 7.9 6.3 3.6 11.6 7.2 7.1 13.7 7.2 6.9 7.5 4.6 7.8 6.1 3.6 13.1 7.2 5.5 15.3 7.3 7.0 7.6 4.9 7.9 5.7 3.6 12.1 CHARACTERISTIC INDUSTRY Nonagricultural private wage and salary workers .... Mining.............................................................. Construction.................................................... Manufacturing .................................................. Durable goods............................................... Nondurable goods......................................... Transportation and public utilities .................... Wholesale and retail trade............................... Finance and service industries......................... Government workers............................................ Agricultural wage and salary workers ................... 1 Aggregate hours lost by the unemployed and persons on part time for economic reasons as a percent of potentially available labor force hours. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 87 Current Labor Statistics: 7. Employment Data Unemployment rates by sex and age, monthly data seasonally adjusted (Civilian workers) Annual ave rage Sex and age 1991 1992 1992 Mar. Apr. May June July 1993 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Total, 16 years and over ........ 16 to 24 years..................... 16 to 19 years.................. 16 to 17 years ................ 18 to 19 years ................ 20 to 24 years................... 25 years and over................ 25 to 54 years ................ 55 years and over........... 6.7 13.4 18.6 20.9 17.2 10.8 5.4 5.7 3.9 7.4 14.2 20.0 23.0 18.1 11.3 6.1 6.3 4.8 7.3 14.0 20.2 23.2 18.5 11.0 6.0 6.3 4.4 7.3 13.8 19.4 22.5 17.4 11.0 6.0 6.2 4.7 7.4 14.3 19.9 23.6 17.9 11.6 6.1 6.3 4.8 7.7 15.1 22.8 26.4 20.6 11.2 6.3 6.5 5.2 7.6 14.5 20.6 23.6 18.7 11.6 6.2 6.4 5.3 7.6 14.3 19.9 21.5 18.5 11.5 6.2 6.4 5.2 7.5 14.4 20.4 23.8 18.3 11.4 6.2 6.4 5.0 7.4 13.6 18.9 22.1 16.8 11.0 6.2 6.4 4.9 7.3 14.1 20.2 23.8 17.9 11.1 6.0 6.3 4.7 7.3 13 9 19.2 21 8 17 8 11.3 6.0 6.3 4.6 7.1 14.0 19.7 24.0 16.2 7.0 14.0 19.6 21.3 18.3 7.0 13.6 19.5 24.3 16.4 11.1 11.2 10.6 5.8 5.6 5.8 4.3 5.7 5.9 4.2 Men, 16 years and over.... 16 to 24 years ................ 16 to 19 years.............. 16 to 17 years........... 18 to 19 years........... 20 to 24 years.............. . 25 years and over........... 25 to 54 years............ 55 years and over....... 7.0 14.3 19.8 21.6 18.6 11.7 5.7 5.9 4.3 7.8 15.3 21.5 24.4 19.5 12.2 6.4 6.6 5.2 7.8 15.6 22.1 25.4 20.2 12.5 6.3 6.5 5.0 7.6 15.1 20.9 23.9 18.9 12.2 6.3 6.5 5.1 7.9 15.5 21.2 25.5 19.2 12.8 6.5 6.7 5.2 8.2 16.1 24.4 28.5 22.1 12.0 6.7 6.8 5.8 7.9 15.5 21.9 24.9 20.0 12.4 6.5 6.7 5.6 8.0 15.2 21.8 23.7 20.4 12.0 6.6 6.8 5.5 7.9 15.1 21.8 24.5 19.9 11.7 6.5 6.8 5.4 7.8 14.4 19.5 22.6 17.8 11.9 6.6 6.8 5.5 7.6 15.1 21.1 25.1 18.5 12.2 6.3 6.5 5.0 7.5 14 7 20 5 22 6 19 3 11 8 6.2 6.4 5.1 7.1 14.7 20.9 26.0 16.7 Women, 16 years and over 16 to 24 years................ 16 to 19 years ............. 16 to 17 years ........... 18 to 19 years ........... 20 to 24 years ............. 25 years and over........... 25 to 54 years ........... 55 years and over..... 6.3 6.9 12.4 13.0 17.4 18.5 20.1 21.4 15.8 16.5 9.8 10.2 5.1 5.7 5.4 6.0 3.41 4.2 6.8 12.3 18.2 20.7 16.7 9.4 5.7 6.0 3.7 6.9 12.3 17.7 21.0 15.8 9.7 5.7 6.0 4.0 6.9 12.9 18.4 21.5 16.6 10.2 5.7 5.8 4.3 7.1 13.9 21.0 24.1 18.8 10.3 5.8 6.0 4.5 7.1 13.5 19.2 22.2 17.3 10.7 5.8 6.0 4.9 7.1 13.2 17.7 19.2 16.3 10.9 5.8 6.0 4.8 7.0 13.6 18.8 23.0 16.5 11.1 5.8 6.0 4.5 6.9 12.7 18.2 21.6 15.8 10.0 5.7 5.9 4.3 6.9 12.9 19.1 22.4 17.2 9.8 5.7 5.9 4.3 7.0 13.0 17.7 21.0 16.2 10.6 5.8 62 3.9 8. 6.0 4.5 7.2 14.5 7.4 14.4 20.6 20.2 5.8 23.0 18.9 11.4 5.9 24.1 17.7 11.5 6.0 6.1 4.6 4.5 6.3 4.8 7.0 13.1 18.5 21.7 15.6 10.4 5.8 6.7 13.4 18.6 19.4 17.6 11.8 6.1 6.4 12.7 18.8 24.6 15.0 9.7 5.1 5.4 3.4 10.8 5.3 5.5 4.0 6.0 4.3 Unemployed persons by reason for unemployment, monthly data seasonally adjusted (Numbers in thousands) Annual average 1992 Reason for unemployment 1991 1992 Mar. Apr. May 4,608 1,279 3,329 979 2,087 753 5,291 1,246 4,045 975 2,228 890 5,269 1,235 4,034 947 2,203 832 5,219 1,227 3,992 1,009 2,137 853 5,430 1,211 4,219 992 2,194 863 54.7 15.2 39.5 11.6 24.8 8.9 56.4 13.3 43.1 10.4 23.7 9.5 57.0 13.3 43.6 10.2 23.8 9.0 56.6 13.3 43.3 10.9 23.2 9.3 3.7 .8 1.7 .6 4.2 .8 1.8 .7 4.2 .7 1.7 .7 4.1 .8 1.7 .7 Job losers ......................................... On layoff......................................... Other job losers............................... Job leavers ........................................ Reentrants ......................................... New entrants ..................................... June 1993 July Aug. 5,535 1,312 4,223 1,017 2,266 999 5,462 1,296 4,166 1,003 2,273 958 5,414 1,255 4,159 1,009 2,246 941 57.3 12.8 44.5 10.5 23.1 9.1 56.4 13.4 43.0 10.4 23.1 10.2 56.3 13.4 43.0 10.3 23.4 9.9 4.3 .8 1.7 .7 4.3 .8 1.8 .8 4.3 .8 1.8 .8 Sept. Oct. Nov. Dec. Jan. Feb. 5,438 1,335 4,103 963 2,274 944 5,492 1,265 4,227 913 2,206 784 5,207 1,195 4,012 977 2,194 930 5,138 1,204 3,934 972 2,237 930 4,847 1,029 3,818 821 2,346 960 4 648 1,049 3,599 1,046 2,299 887 56.3 13.1 43.3 10.5 23.4 9.8 56.5 13.9 42.7 10.0 23.6 9.8 58.5 13.5 45.0 9.7 23.5 8.3 55.9 12.8 43.1 10.5 23.6 10.0 55.4 13.0 42.4 10.5 24.1 10.0 54.0 11.5 42.5 9.1 26.1 10.7 52 3 11 8 40 5 11 8 25 9 10.0 4.2 .8 1.8 .7 4.3 .8 1.8 .7 4.3 .7 1.7 .6 4.1 .8 1.7 .7 4.0 .8 1.8 .7 3.8 .6 1.8 .8 3.7 8 1.8 .7 Mar. 2 047 930 PERCENT OF UNEMPLOYED Job losers........................................ On layoff....................................... Other job losers............................ Job leavers...................................... Reentrants....................................... New entrants .................................. 23 0 10.5 PERCENT OF CIVILIAN LABOR FORCE Job losers ...................................... Job leavers.................................... Reentrants ..................................... New entrants.................................. 9. 38 16 .7 Duration of unemployment, monthly data seasonally adjusted (Numbers in thousands) Annual average 1992 Weeks of unemployment Less than 5 weeks ... 5 to 14 weeks ......... 15 weeks and over ... 15 to 26 weeks .... 27 weeks and over Mean duration in weeks ... Median duration in weeks 1991 1992 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 3,380 2,724 2,323 1,225 1,098 3,270 2,760 3,354 1,424 1,930 3,291 2,698 3,185 1,417 1,768 3,269 2,706 3,072 1,303 1,769 3,362 2,663 3,349 1,405 1,944 3,512 2,783 3,432 1,363 2,069 3,373 2,776 3,547 1,459 2,088 3,289 2,846 3,547 1,502 2,045 3,281 2,847 3,522 1,427 2,095 3,192 3,042 3,564 1,475 2,089 3,120 2,835 3,446 1,438 2,008 3,605 1,540 2,065 3,272 2,481 3,317 1,407 1,910 3,232 2,487 3,143 1,236 1,907 3,102 2,566 3,073 1,259 1,814 13.8 6.9 17.9 17.0 17.2 17.9 8.1 8.6 8.8 18.2 8.7 18.3 8.8 18.3 8.9 18.5 9.3 19.2 9.3 18.4 9.4 19.2 9.4 18.7 8.5 18.3 17.5 8.3 88 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8.6 2,666 2,688 8.2 10. Unemployment rates by State, data not seasonally adjusted State Feb. 1992 Feb. 1993P California................................................ 7.8 11.0 8.3 7.7 9.2 7.9 9.8 7.4 7.0 10.3 Florida.................................................... 6.6 8.2 5.4 8.3 8.7 6.5 7.5 5.9 9.0 7.0 Idaho...................................................... Illinois..................................................... Indiana................................................... 6.6 3.7 7.9 8.9 6.4 6.8 4.8 7.9 8.4 6.9 4.8 4.0 8.2 7.3 9.2 5.0 4.8 6.4 7.3 9.6 7.5 8.5 9.8 5.3 8.7 6.0 6.7 8.3 7.5 6.4 6.7 6.7 Feb. 1992 Feb. 1993p Montana................................................ Nebraska............................................... Nevada .................................................. New Hampshire .................................... 8.3 2.9 7.3 7.4 8.1 3.1 7.2 8.6 New Jersey........................................... New Mexico.......................................... New York.............................................. 8.1 7.7 9.3 6.6 5.0 8.3 6.9 8.5 5.7 5.3 Oregon................................................. Pennsylvania ......................................... Rhode Island......................................... 8.1 7.3 8.4 8.6 8.3 7.8 6.0 8.3 8.2 8.2 South Carolina ...................................... South Dakota ........................................ Tennessee ............................................ Texas .................................................... Utah...................................................... 7.5 3.4 7.6 7.9 4.9 6.7 4.2 6.5 8.1 4.2 Vermont ................................................ Virginia .................................................. Washington........................................... West Virginia......................................... Wisconsin.............................................. 7.0 7.3 8.4 13.4 6.3 7.3 5.5 8.7 11.7 5.7 Wyoming............................................... 8.3 6.5 State North Dakota......................................... Ohio...................................................... Iowa Kansas................................................... Kentucky................................................. Maine..................................................... Maryland................................................. Michigan................................................. Minnesota............................................... Mississippi.............................................. p = preliminary NOTE: Some data in this table may differ from data published elsewhere because of the continual updating of the database. 11. Employment of workers on nonfarm payrolls by State, data not seasonally adjusted (In thousands) State Arkansas ................................................... Delaware................................................... District of Columbia................................... Hawaii........................................................ Illinois ........................................................ Kansas ...................................................... Kentucky................................................... Louisiana................................................... 1t _ ài 1 ri Minnesota................................................. Mississippi................................................. Montana.................................................... Feb. 1992 Jan. 1993 Feb. 1993p State Feb. 1992 Jan. 1993 1,643.6 235.1 1,502.6 941.5 12,078.1 1,678.0 233.6 1,523.0 961.4 11,898.3 1,685.9 238.2 1,544.7 968.4 11,942.4 Nebraska.................................................. Nevada .................................................... New Hampshire........................................ 732.9 622.1 471.0 736.0 644.9 483.4 Feb. 1993p 738.4 647.8 485.3 1,558.0 1,508.3 329.8 667.4 5,308.8 1,592.1 1,486.6 341.2 669.7 5,386.4 1,604.5 1,486.6 340.3 673.1 5,441.8 New Jersey.............................................. New Mexico ............................................. New York................................................. North Carolina .......................................... North Dakota........................................... 3,394.2 584.7 7,622.1 3,058.3 268.6 3,369.9 590.1 7,568.9 3,148.9 276.6 3,364.9 596.5 7,599.2 3,160.8 277.4 2,911.3 543.2 398.8 5,110.2 2,483.9 3,006.2 532.7 412.8 5,136.1 2,522.4 3,011.7 537.2 416.0 5,148.5 2,525.1 Ohio ......................................................... Oklahoma................................................. Oregon..................................................... Pennsylvania............................................ Rhode Island............................................ 4,735.2 1,202.6 1,235.6 4,984.1 410.7 4,783.6 1,195.8 1,252.3 5,010.3 417.3 4,787.4 1,202.6 1,264.6 5,035.7 415.7 1,220.4 1,093.9 1,470.2 1,600.7 490.0 1,231.7 1,108.9 1,502.1 1,608.8 502.0 1,235.3 1,119.1 1,505.5 1,615.1 501.5 South Carolina.......................................... South Dakota........................................... Tennessee ............................................... Texas ....................................................... Utah ......................................................... 1,496.8 297.1 2,177.6 7,145.8 748.5 1,528.5 303.4 2,212.6 7,323.8 769.3 1,534.7 304.0 2,219.7 7,344.2 776.3 2 037.5 2 742.6 3,835.2 2^116.7 940.1 2,276.4 302.9 2,034.4 2J34.3 3,903.0 2,175.5 971.9 2,282.1 313.7 2,038.4 2,734.4 3,908.6 2,178.4 977.2 2,304.3 314.9 Vermont................................................... Virginia..................................................... Washington .............................................. West Virginia............................................ Wisconsin................................................. 248.9 2,783.6 2,164.3 620.1 2,277.4 248.6 2,817.4 2,191.9 635.0 2,318.9 251.9 2,819.2 2,198.5 632.8 2,331.2 Wyoming.................................................. Puerto Rico .............................................. Virgin Islands ........................................... 195.8 841.9 44.2 197.1 845.2 44.8 196.9 845.9 45.9 p = preliminary NOTE: Some data in this table may differ from data published elsewhere because of the continual updating of the database. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 89 C u r r e n t L a b o r S ta tis tic s : E m p lo y m e n t D a ta 12. Employment of workers on nonfarm payrolls by industry, monthly data seasonally adjusted (In thousands) Annua average 1992 Industry 1991 1992 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. TOTAL ................................... 108,310 108,437 108,200 108,377 108,496 108,423 108,594 108,485 108,497 108,571 108,646 108 752 PRIVATE SECTOR ................... 89,930 89,858 89,693 89,835 89,950 89,885 89,988 89,803 89,847 89,948 89,961 90^067 Feb.p Mar.p 109,232 109,210 90,546 90,536 GOODS-PRODUCING .................. Mining ........................................ 23,830 691 23,420 635 23,532 651 23,530 646 23,548 641 23,470 634 23,459 633 23,362 626 23,296 620 23,270 623 23,280 622 23,263 619 23,267 616 23,368 604 23,303 607 Construction ............................. General building contractors..... 4,685 1,152 4,595 1,103 4,603 1,115 4,605 1,108 4,632 1,101 4,600 1,093 4,584 1,096 4,591 1,100 4,574 1,097 4,601 1,098 4,590 1,093 4,582 1,084 4,559 1,086 4,652 1,099 4,593 1,087 Manufacturing........................... Production workers .................. 18,455 12,467 18,190 12,345 18,278 12,406 18,279 12,412 18,275 12,410 18,236 12,378 18,242 12,392 18,145 12,307 18,102 12,270 18,046 12,235 18,068 12,274 18 062 12,284 18,092 12,342 18,112 12,350 18,103 12,349 Durable go o d s......................... Production workers .................. 10,602 6,988 10,339 6,859 10,417 6,909 10,409 6,903 10,398 6,896 10,371 6,876 10,347 6,867 10,298 6,828 10,271 6,809 10,231 6,789 10,247 6,819 10 238 6,822 10,265 6,867 10,272 6,867 10,254 6,857 679 472 524 726 687 465 519 703 689 465 518 710 688 467 520 708 687 467 522 707 684 469 521 706 683 470 521 702 682 465 520 701 683 461 520 699 689 461 518 695 695 461 518 695 697 462 519 693 696 463 517 694 704 466 525 695 703 466 521 693 264 1,359 254 1,335 258 1,342 257 1,341 256 1,343 255 1,338 253 1,335 252 1,334 252 1,330 250 1,323 248 1,323 245 1,323 244 1,331 245 1,335 244 1,335 2,007 1,946 1,948 1,949 1,959 1,954 1,947 1,941 1,943 1,935 1,935 1,933 1,936 1,933 1,933 1,598 1,891 789 980 1,549 1,827 812 943 1,560 1,863 814 956 1,557 1,859 821 952 1,554 1,842 813 949 1,549 1,836 814 946 1,545 1,829 818 943 1,536 1,816 814 938 1,538 1,797 803 935 1,534 1,782 802 930 1,537 1,790 818 927 1,537 1 788 823 921 1,540 1,805 874 920 1,544 1,788 841 918 1,547 1,773 835 916 366 366 366 368 368 368 372 365 365 364 366 365 363 364 367 Nondurable g o o d s..................... Production workers..................... 7,852 5,479 7,851 5,486 7,861 5,497 7,870 5,509 7,877 5,514 7,865 5,502 7,895 5,525 7,847 5,479 7,831 5,461 7,815 5,446 7,821 5,455 7,824 5^462 7,827 5,475 7,840 5,483 7,849 5,492 Food and kindred products......... Tobacco products....................... Textile mill products................... Apparel and other textile products.................................... Paper and allied products ........... 1,672 49 672 1,670 49 678 1,671 49 682 1,677 50 682 1,678 49 679 1,671 49 680 1,685 49 682 1,672 51 675 1,661 50 677 1,661 49 672 1,664 47 675 1,664 49 678 1,671 49 676 1,674 48 678 1,674 48 677 1,010 688 1,018 688 1,025 687 1,023 689 1,026 691 1,023 689 1,034 689 1,013 687 1,007 692 1,004 688 1,006 688 1,004 686 1,004 685 1,005 685 1,006 685 Printing and publishing................ Chemicals and allied products.... Petroleum and coal products...... Rubber and mise, plastics products.................................... Leather and leather products ..... 1,541 1,072 159 1,521 1,071 155 1,519 . 1,071 157 1,521 1,072 157 1,522 1,073 156 1,520 1,073 155 1,522 1,070 154 1,521 1,072 153 1,523 1,069 152 1,520 1,069 152 1,518 1,069 152 1 520 1,068 151 1,515 1,068 152 1,520 1,066 152 1,520 1,068 152 864 125 879 123 877 123 876 123 880 123 883 122 884 126 880 123 877 123 877 123 880 122 883 121 887 891 897 120 121 122 SERVICE-PRODUCING ................ Transportation and public utilities....................................... Transportation............................ Communications and public utilities....................................... 84,480 85,017 84,668 84,847 84,948 84,953 85,135 85,123 85,201 85,301 85,366 85 489 85,598 85,864 85,907 5,772 3,512 5,742 3,520 5,754 3,524 5,746 3,523 5,745 3,522 5,745 3,524 5,742 3,524 5,729 3,514 5,738 3,520 5,731 3,516 5,732 3,517 5,742 3 531 5,763 3,550 5,765 3,554 5,772 3,562 2,260 2,222 2,230 2,223 2,223 2,221 2,218 2,215 2,218 2,215 2,215 2,211 2,213 2,211 2,210 Wholesale trade ......................... 6,069 5,983 5,997 5,993 5,993 5,988 5,972 5,964 5,957 5,969 5,976 5,970 5,995 6,004 6,006 Retail trad e................................. General merchandise stores....... Food stores................................ Automotive dealers and service stations..................................... Eating and drinking places.......... 19,259 2,426 3,204 19,138 2,309 3,178 19,092 2,344 3,179 19,177 2,338 3,194 19,150 2,334 3,188 19,156 2,318 3,192 19,184 2,306 3,179 19,106 2,296 3,169 19,122 2,296 3,176 19,146 2,285 3,170 19,116 2,262 3,165 19,162 2,255 3,168 19,227 2,228 3,176 19,363 2,270 3,188 19,356 2,273 3,192 1,996 6,465 2,011 6,485 2,004 6,431 2,007 6,470 2,007 6,462 2,011 6,473 2,012 6,502 2,013 6,463 2,012 6,494 2,017 6,513 2,023 6,536 2,034 6,579 2,041 6,621 2,053 6,651 2,059 6,662 Finance, insurance, and real e state........................................ Finance ...................................... Insurance.................... .............. Real estate................................. 6,678 3,211 2,163 1,305 6,672 3,232 2,139 1,301 6,675 3,224 2,149 1,302 6,682 3,230 2,149 1,303 6,681 3,234 2,144 1,303 6,672 3,232 2,138 1,302 6,660 3,228 2,135 1,297 6,661 3,227 2,133 1,301 6,669 3,238 2,132 1,299 6,680 3,244 2,133 1,303 6,669 3,243 2,129 1,297 6,677 3,251 2,124 L302 6,682 3,264 2,116 1,302 6,680 3,260 2,115 1,305 6,673 3,260 2,116 1,297 Services...................................... Business services....................... Health services.......................... 28,323 5,087 8,177 28,903 5,290 8,464 28,643 5,174 8,387 28,707 5,233 8,412 28,833 5,278 8,437 28,854 5,292 8,446 28,971 5,300 8,478 28,981 5,319 8,488 29,065 5,322 8,506 29,152 5,406 8,535 29,188 5,427 8,561 29,253 5,458 8,580 29,267 5,445 8,589 29,366 5,478 8,614 29,426 5,515 8,623 Government ............................... Federal....................................... State .......................................... Local.......................................... 18,380 2,966 4,346 11,067 18,579 2,969 4,371 11,239 18,507 2,989 4,345 11,173 18,542 2,986 4,360 11,196 18,546 2,984 4,367 11,195 18,538 2,972 4,357 11,209 18,606 2,957 4,388 11,261 18,682 2,959 4,383 11,340 18,650 2,967 4,401 11,282 18,623 2,942 4,390 11,291 18,685 2,940 4,384 11,361 18,685 2,971 4,389 11,325 18,664 2,943 4,394 11,327 18,686 2,938 4,395 11,353 18,674 2,916 4,395 11,363 Lumber and wood products....... Furniture and fixtures................. Stone, clay, and glass products .. Primary metal industries ............ Blast furnaces and basic steel products.................................... Fabricated metal products........... Industrial machinery and equipment................................. Electronic and other electrical equipment................... Transportation equipment........... Motor vehicles and equipment .... Instruments and related products Miscellaneous manufacturing industries.................................. p = preliminary NOTE: See notes on the data for a description of the most recent benchmark revision. 90 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13. Average weekly hours of production or nonsupervisory workers on private nonfarm payrolls by industry, monthly data seasonally adjusted Industry Annual average 1991 1992 1992 Mar. Apr. June May July 1993 Aug. Sept. Oct. Nov. Dec. Jan. Feb.» Mar.» PRIVATE SECTOR ........................................ 34.3 34.4 34.5 34.3 34.6 34.3 34.3 34.6 34.3 34.5 34.6 34.3 34.5 34.4 34.3 MINING............................................................... 44.4 44.0 44.3 44.2 44.3 43.4 43.7 44.4 43.8 44.0 44.3 43.7 44.3 43.9 43.5 MANUFACTURING............................................. Overtime hours............................................ 40.7 3.6 41.0 3.8 41.1 3.8 41.1 3.9 41.3 4.1 41.0 3.8 41.0 3.8 41.0 3.7 40.9 3.5 41.1 3.8 41.2 3.9 41.2 3.9 41.4 - 41.5 4.0 4.3 41.2 3.9 Durable g o o d s.................................................. Overtime hours............................................ Lumber and wood products.............................. Furniture and fixtures........................................ Stone, clay, and glass products........................ Primary metal industries ................................... Blast furnaces and basic steel products......... Fabricated metal products ................................ 41.1 3.5 40.0 38.9 41.7 42.2 42.7 41.2 41.5 3.7 40.6 39.7 42.2 43.0 43.5 41.6 41.6 3.7 41.0 40.1 42.0 43.0 43.5 41.6 41.5 3.8 40.6 40.0 42.4 43.2 44.0 41.3 41.9 4.1 40.8 40.0 42.5 43.6 44.1 41.9 41.5 3.8 40.1 39.8 42.3 43.2 43.8 41.6 41.6 3.8 40.8 40.1 42.5 43.1 43.8 41.9 41.6 3.7 40.5 39.4 42.3 43.1 43.9 41.6 41.2 3.4 40.3 39.2 42.5 42.7 42.4 41.1 41.6 3.8 40.7 39.7 42.4 42.8 42.8 41.7 41.8 3.9 40.9 40.1 42.3 43.0 43.1 41.8 41.8 3.9 40.4 39.9 42.1 43.4 43.6 41.8 42.0 4.1 40.5 40.2 42.2 43.7 44.0 42.0 42.2 4.4 40.9 40.3 42.5 44.0 44.6 42.2 41.9 4.1 40.2 39.9 42.3 43.5 44.4 41.9 Industrial machinery and equipment.................. Electronic and other electrical equipment ......... Transportation equipment................................. Motor vehicles and equipment........................ Instruments and related products ..................... Miscellaneous manufacturing............................ 41.7 40.7 41.9 42.3 41.0 39.6 42.2 41.2 41.8 42.4 41.1 39.9 42.2 41.2 42.0 42.5 41.2 40.0 42.1 41.0 41.8 43.2 40.9 39.9 42.6 41.5 42.2 43.1 41.4 40.0 42.2 41.1 41.9 42.6 41.2 40.0 42.1 41.3 41.5 42.5 41.1 40.1 42.2 41.2 42.2 42.9 41.2 39.7 42.0 41.0 40.9 41.0 41.0 39.5 42.5 41.3 41.5 41.5 41.3 40.0 42.8 41.6 41.8 42.3 41.3 40.0 42.6 41.5 42.4 43.5 41.1 39.8 42.9 41.7 42.6 43.7 41.4 39.8 42.9 41.9 42.9 44.5 40.9 39.9 42.8 41.4 42.7 44.3 41.3 39.7 Nondurable g o o d s........................................... Overtime hours............................................ Food and kindred products............................... Textile mill products......................................... Apparel and other textile products.................... Paper and allied products................................. 40.2 3.7 40.6 40.6 37.0 43.3 40.4 3.8 40.6 41.1 37.2 43.6 40.5 3.9 40.7 41.3 37.4 43.6 40.6 4.1 40.7 41.4 37.2 44.0 40.5 4.1 40.5 41.4 37.3 43.8 40.4 3.9 40.3 41.3 37.2 43.7 40.3 3.8 40.3 41.0 37.2 43.5 40.3 3.8 40.5 40.8 37.2 43.5 40.5 3.8 40.8 41.8 37.4 43.9 40.4 3.9 40.9 40.8 37.4 43.4 40.5 3.9 40.8 41.1 37.6 43.4 40.5 3.9 40.6 41.5 37.4 43.4 40.7 3.9 40.6 41.8 37.6 43.5 40.7 4.2 40.8 41.9 37.6 43.7 40.3 3.8 40.5 40.1 37.3 43.3 Printing and publishing................................... Chemicals and allied products.......................... Rubber and miscellaneous plastics products.... Leather and leather products........................... 37.7 42.9 41.1 37.5 38.1 43.1 41.7 38.0 38.1 43.1 41.7 37.6 38.0 43.1 42.3 38.0 38.2 43.4 41.9 38.2 38.1 43.2 41.8 38.0 38.0 43.1 41.6 38.4 38.0 43.1 41.7 37.9 38.1 42.9 41.5 37.8 38.2 42.8 41.5 38.4 38.1 42.9 41.8 39.2 38.0 42.9 41.9 38.6 38.2 43.0 42.2 39.5 38.2 43.0 42.3 39.7 38.1 42.9 41.8 39.2 TRANSPORTATION AND PUBLIC UTILITIES... 38.7 38.8 38.5 38.2 38.8 38.6 38.8 39.3 38.9 38.9 39.5 39.1 39.5 39.4 39.7 WHOLESALE TRADE........................................ 38.1 38.2 38.3 38.3 38.3 38.1 38.0 38.5 38.0 38.1 38.5 38.0 38.2 38.1 37.9 RETAIL TRADE ................................................. 28.6 28.8 28.8 28.6 28.8 28.6 28.5 28.9 28.9 28.9 29.0 28.7 28.8 28.8 28.2 32.5 32.6 32.4 32.6 32.4 32.4 32.7 32.1 32.5 32.6 32.3 32.4 32.3 32.4 SERVICES ......................................................... 32.4 » = preliminary NOTE: See “Notes on the data” for a description of the most recent benchmark adjustment. 14. Average hourly earnings of production or nonsupervisory workers on private nonfarm payrolls by industry, seasonally adjusted Industry Annual average 1991 1992 1992 Mar. Apr. June May July Aug. 1993 Sept. Oct. Nov. Dec. Jan. Feb.» Mar.» PRIVATE SECTOR (in current dollars)............. $10.33 $10.59 $10.55 $10.52 $10.56 $10.58 $10.58 $10.66 $10.63 $10.65 $10.71 $10.69 $10.73 $10.75 $10.80 14.18 13.99 11.18 10.71 13.24 14.51 14.11 11.45 10.94 13.49 14.50 14.06 11.37 10.87 13.41 14.46 14.03 11.42 10.93 13.43 14.49 14.09 11.44 10.92 13.44 14.52 14.20 11.44 10.93 13.47 14.50 14.11 11.45 10.95 13.43 14.55 14.21 11.51 11.00 13.53 14.54 14.07 11.51 11.03 13.56 14.59 14.15 11.51 10.98 13.56 14.67 14.20 11.54 11.02 13.65 14.46 14.16 11.57 11.04 13.57 14.54 14.12 11.60 11.09 13.58 14.49 14.14 11.63 11.08 13.56 14.61 14.22 11.64 11.10 13.71 Wholesale trade................................................. 11.15 Retail trade........................................................ 6.95 Finance, insurance, and real estate ................... 10.40 Services.............................................................. 10.22 11.40 7.14 10.82 10.54 11.35 7.12 10.78 10.50 11.29 7.09 10.68 10.46 11.37 7.12 10.76 10.49 11.38 7.11 10.76 10.53 11.38 7.14 10.76 10.53 11.51 7.16 10.96 10.61 11.44 7.18 10.84 10.59 11.48 7.18 10.92 10.61 11.53 7.19 11.09 10.68 11.47 7.20 11.00 10.66 11.59 7.22 11.10 10.73 11.59 7.24 11.11 10.74 11.61 7.26 11.16 10.77 7.45 7.43 7.46 7.41 7.43 7.43 7.41 7.45 7.42 7.40 7.43 7.40 7.40 7.39 Mining................................................................ Construction ...................................................... Manufacturing ................................................... Excluding overtime ......................................... Transportation and public utilities ...................... PRIVATE SECTOR (in constant (1982) dollars) - Data not available. p = preliminary https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - NOTE: See “Notes on the data” for a description of the most recent benchmark revision. Monthly Labor Review M ay 1993 91 Current Labor Statistics: Employment Data 15. Average hourly earnings of production or nonsupervisory workers on private nonfarm payrolls by industry Annual ave rage Industry 1991 1992 1992 Mar. Apr. May June July Aug. 1993 Sept. Oct. Nov. Dec. Jan. Feb.p Mar.p PRIVATE SECTOR............................................. $10.33 $10.59 $10.54 $10.54 $10.55 $10.53 $10.53 $10.56 $10.66 $10.69 $10.73 $10.71 $10.78 $10.78 $10.81 MINING............................................................... 14.18 14.51 14.54 14.52 14.45 14.51 14.47 14.45 14.57 14.44 14.58 14.55 14.69 14.58 14.67 CONSTRUCTION................................................ 13.99 14.11 14.03 14.02 14.05 14.09 14.05 14.20 14.18 14.25 14.20 MANUFACTURING............................................. 11.18 11.45 11.36 11.41 11.44 11.45 11.46 11.44 11.53 11.49 Durable goods .................................................. Lumber and wood products.............................. Furniture and fixtures........................................ Stone, clay, and glass products........................ Primary metal industries ................................... Blast furnaces and basic steel products......... Fabricated metal products ................................ 11.75 9.24 8.76 11.37 13.34 15.37 11.19 12.02 9.43 9.00 11.64 13.67 15.89 11.41 11.92 9.34 8.89 11.49 13.48 15.61 11.34 11.95 9.35 8.91 11.60 13.64 15.88 11.40 12.02 9.40 8.95 11.65 13.65 15.77 11.43 12.04 9.41 8.99 11.66 13.69 15.89 11.43 12.03 9.46 9.00 11.68 13.77 15.97 11.39 12.04 9.49 9.04 11.68 13.74 15.97 11.41 12.09 9.48 9.09 11.83 13.93 16.31 11.43 12.07 9.52 9.10 11.74 13.73 15.98 11.42 Industrial machinery and equipment.................. Electronic and other electrical equipment ......... Transportation equipment.................................. Motor vehicles and equipment........................ Instruments and related products ..................... Miscellaneous manufacturing............................ 12.16 10.71 14.74 15.19 11.65 8.85 12.43 11.01 15.16 15.33 11.93 9.14 12.33 10.92 14.99 15.21 11.84 9.11 12.30 10.98 14.97 15.20 11.88 9.13 12.38 10.99 15.17 15.48 11.86 9.10 12.44 11.06 15.18 15.44 11.90 9.12 12.49 11.05 15.12 15.28 11.93 9.11 12.45 11.03 15.21 15.37 11.93 9.08 12.49 11.05 15.27 15.39 12.03 9.13 Nondurable g o o d s............................................ 10.44 Food and kindred products............................... 9.90 Tobacco products............................................. 16.68 Textile mill products......................................... 8.30 Apparel and other textile products.................... 6.77 Paper and allied products ................................. 12.73 10.71 10.19 16.69 8.60 6.95 13.09 10.63 10.13 16.76 8.51 6.87 12.95 10.71 10.20 17.25 8.56 6.98 13.02 10.69 10.23 17.52 8.58 6.96 13.05 10.69 10.21 18.13 8.60 6.97 13.03 10.73 10.18 18.38 8.60 6.94 13.13 10.70 10.13 16.20 8.62 6.96 13.07 11.49 14.02 17.03 10.07 7.18 11.75 14.45 17.87 10.37 7.40 11.68 14.26 17.96 10.27 7.44 11.64 14.39 17.92 10.33 7.47 11.66 14.39 17.78 10.33 7.41 11.67 14.38 17.62 10.36 7.41 11.76 14.49 17.70 10.39 7.28 TRANSPORTATION AND PUBLIC UTILITIES... 13.24 13.49 13.38 13.43 13.39 13.40 WHOLESALE TRADE........................................ 11.15 11.40 11.34 11.34 11.35 6.95 7.14 7.11 7.12 FINANCE, INSURANCE, AND REAL ESTATE... 10.40 10.82 10.80 SERVICES ......................................................... 10.22 10.54 10.53 Printing and publishing...................................... Chemicals and allied products.......................... Petroleum and coal products............................ Rubber and miscellaneous plastics products.... Leather and leather products ........................... RETAIL TRADE ................................................. 14.23 14.16 14.07 11.54 11.63 11.61 11.60 11.63 12.12 9.49 9.08 11.71 13.76 16.03 11.47 12.22 9.50 9.18 11.68 13.82 16.11 11.59 12.19 9.45 9.14 11.67 13.76 15.99 11.53 12.19 9.51 9.12 11.70 13.81 16.23 11.53 12.20 9 48 9 09 11 73 13 79 16 18 11.54 12.51 11.04 15.28 15.38 12.04 9.19 12.57 11.06 15.36 15.40 12.10 9.23 12.66 11.14 15.50 15.61 12.16 9.32 12.61 11.14 15.43 15.52 12.13 9.33 12.61 11.10 15.46 15.55 12.12 9.32 12 58 11 12 15 56 15 7? 12 16 9.30 10.82 10.22 16.02 8.68 7.00 13.35 10.74 10.12 15.73 8.66 6.98 13.16 10.81 10.30 17.33 8.70 6.97 13.20 10.87 10.36 16.00 8.77 7.04 13.29 10.86 10.30 15.55 8.80 7.05 13.18 10.85 10.29 16.20 8.82 7.04 13.20 10 88 10 30 16 85 8 75 7 06 13.24 11.79 14.47 17.72 10.38 7.36 11.93 14.64 17.93 10.46 7.35 11.87 14.57 18.05 10.44 7.36 11.85 14.64 18.21 10.45 7.42 11.89 14.72 18.06 10.54 7.48 11.85 14.69 18.34 10.55 7.46 11.83 14.68 18.37 10.56 7.46 11 90 14.68 18 73 10 52 7.46 13.43 13.50 13.61 13.59 13.65 13.60 13.61 13.61 13.68 11.33 11.38 11.43 11.46 11.46 11.53 11.53 11.61 11.62 11.61 7.12 7.10 7.10 7.10 7.21 7.19 7.21 7.19 7.26 7.25 7.27 10.75 10.76 10.70 10.73 10.84 10.84 10.91 11.06 11.04 11.14 11.20 11.20 10.50 10.47 10.42 10.41 10.45 J 10.61 10.63 J 10.72 10.75 10.81 10.82 10.81 = preliminary NOTE: See “Notes on the data” for a description of the most recent benchmark revision. p 92 Monthly Labor Review M ay 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 14.19 16. Average weekly earnings of production or nonsupervisory workers on private nonfarm payrolls by industry 1992 Annual average Industry 1991 1992 Mar. Apr. May June July Aug. 1993 Sept. Oct. Nov. Dec. Jan. Feb.p Mar.p PRIVATE SECTOR Current dollars................................................ $354.32 $364.30 $361.52 $360.47 $362.92 $364.34 $364.34 $369.60 $365.64 $368.81 $371.26 $369.50 $366.52 $368.68 $368.62 363.98 360.84 365.38 362.89 362.89 368.84 364.61 367.43 370.57 366.67 370.19 369.80 370.44 Seasonally adjusted..................................... Constant (1982) dollars ................................. 255.64 255.47 255.67 254.39 255.58 255.68 255.14 258.10 254.62 255.94 257.28 256.06 253.12 253.91 MINING............................................................... 629.59 638.44 636.85 633.07 634.36 635.54 625.10 643.03 641.08 641.14 651.73 646.02 647.83 637.15 632.28 CONSTRUCTION................................................ 533.02 536.18 523.32 535.56 546.55 548.10 546.55 553.80 526.08 555.75 532.50 529.36 511.18 516.37 533.54 MANUFACTURING Current dollars................................................. Constant (1982) dollars................................... 455.03 469.45 464.62 460.96 470.18 471.74 466.42 470.18 472.73 474.54 480.06 487.30 477.17 476.76 475.67 328.30 329.21 328.59 325.31 331.11 331.05 326.62 328.34 329.20 329.31 332.68 337.70 329.54 328.35 - Durable goods .................................................. Lumber and wood products.............................. Furniture and fixtures........................................ Stone, clay, and glass products........................ Primary metal industries ................................... Blast furnaces and basic steel products......... Fabricated metal products ................................ 482.93 369.60 340.76 474.13 562.95 656.30 461.03 493.49 379.20 351.16 475.69 575.60 671.23 468.34 489.95 377.74 347.49 488.36 581.06 687.60 465.12 501.23 385.40 354.42 497.46 591.05 690.73 477.77 503.27 383.93 358.70 499.05 595.52 700.75 478.92 495.64 384.08 357.30 498.74 593.49 702.68 470.41 499.66 389.09 360.70 501.07 590.82 701.08 474.66 496.90 382.04 358.15 508.69 601.78 724.16 468.63 504.53 389.37 364.91 505.99 589.02 687.14 479.64 510.25 386.24 364.11 498.85 595.81 695.70 484.03 520.57 387.60 377.30 491.73 605.32 708.84 494.89 508.32 376.11 363.77 478.47 599.94 701.96 480.80 508.32 382.30 360.24 484.38 600.74 712.50 480.80 508.74 379.20 359.06 487.97 595.73 708.68 480.06 Industrial machinery and equipment.................. 507.07 524.55 520.33 Electronic and other electrical equipment ......... 435.90 453.61 448.81 Transportation equipment.................................. 617.61 633.69 625.08 Motor vehicles and equipment........................ 642.54 649.99 638.82 Instruments and related products ..................... 477.65 490.32 487.81 Miscellaneous manufacturing............................ 350.46 364.69 363.49 511.68 444.69 615.27 629.28 482.33 359.72 523.67 452.79 641.69 673.38 486.26 362.18 526.21 456.78 643.63 673.18 491.47 364.80 520.83 448.63 621.43 640.23 481.97 358.02 521.66 452.23 637.30 656.30 487.94 362.29 518.34 450.84 626.07 637.15 490.82 359.72 531.68 457.06 641.76 655.19 496.05 372.20 540.51 465.63 646.66 652.96 504.57 375.66 553.24 475.68 666.50 680.60 511.94 376.53 540.97 464.54 649.60 662.70 500.97 367.60 539.71 461.76 653.96 673.32 496.92 368.14 538.42 459.26 659.74 685.39 502.21 369.21 425.19 404.94 655.50 343.26 250.58 561.16 430.81 412.27 669.26 354.35 258.91 567.68 432.95 411.46 716.14 359.48 261.38 569.41 430.27 409.24 700.28 350.88 256.78 568.53 434.42 416.34 633.42 356.87 260.30 567.24 441.46 424.13 619.97 360.22 256.90 591.41 437.12 416.94 605.61 356.79 263.15 575.09 442.13 426.42 656.81 361.05 264.16 579.48 446.76 427.87 633.60 365.71 266.11 588.75 438.74 415.09 600.23 363.44 262.97 573.33 436.17 411.60 602.64 362.50 262.59 570.24 435.20 410.97 608.29 346.50 261.93 568.00 Nondurable goods Food and kindred products............................... Tobacco products............................................. Textile mill products......................................... Apparel and other textile products.................... Paper and allied products................................. Printing and publishing...................................... Chemicals and allied products.......................... Petroleum and coal products............................ Rubber and miscellaneous plastics products............................................ Leather and leather products ........................... 419.69 401.94 652.19 336.98 250.49 551.21 498.83 382.86 357.30 491.21 587.81 691.22 474.66 432.68 413.71 644.23 353.46 258.54 570.72 427.33 405.20 655.32 347.21 255.56 559.44 433.17 447.68 446.18 436.50 439.58 439.96 443.35 451.56 460.50 454.62 456.23 460.14 449.12 449.54 454.58 601.46 622.80 614.61 620.21 620.21 621.22 618.72 619.32 635.38 622.14 633.91 643.26 631.67 628.30 628.30 751.02 782.71 788.44 779.52 791.21 768.23 768.18 769.05 785.33 808.64 817.63 792.83 808.79 806.44 848.47 413.88 432.43 426.21 426.63 432.83 436.16 427.03 431.81 435.14 435.35 438.90 446.90 443.10 443.52 436.58 269.25 281.20 276.77 274.90 282.32 287.51 280.28 281.89 277.10 283.36 290.12 292.47 290.94 291.69 288.70 TRANSPORTATION AND PUBLIC UTILITIES......................................................... 512.39 523.41 WHOLESALE TRADE........................................ 424.82 435.48 433.19 433.19 434.71 RETAIL TRADE ................................................. 198.77 205.63 201.92 203.63 204.34 205.90 208.03 210.16 209.09 206.35 206.93 209.95 203.28 204.45 202.11 FINANCE, INSURANCE, AND REAL ESTATE ............................................................ 371.28 387.36 390.96 383.78 383.06 380.92 381.99 393.49 384.82 388.40 400.37 394.13 397.70 399.84 398.72 SERVICES ......................................................... 331.13 342.55 342.23 339.15 339.23 338.65 340.41 511.12 513.03 518.19 521.26 526.46 533.25 532.15 530.01 432.81 539.18 533.12 529.43 532.15 537.62 434.72 440.06 436.63 437.77 442.75 440.45 440.02 440.40 438.86 344.85 341.64 344.41 349.47 347.23 347.00 349.49 349.16 - Data not available. p = preliminary NOTE: See “Notes on the data” for a description of the most recent benchmark revision. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 93 Current Labor Statistics: 17. Employment Data Diffusion indexes of employment change, seasonally adjusted (In percent) Time span and year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Private nonfarm payrolls, 356 industries Over 1-month span: 1991 ........................................................... 1992 ................................................................ 1993 ........................................................ 37.9 43.5 55.1 37.6 47.9 61.1 36.1 47.5 48.6 41.3 58.4 _ 50.7 51.4 _ 45.1 45.2 _ 48.7 49.6 _ 51.4 42.6 _ 50.0 49.9 47.1 50.1 46.8 49.7 46.9 53.7 Over 3-month span: 1991 ........................................................ 1992 ............................................................ 1993 ............................................................. 31.3 44.8 63.2 28.7 44.1 58.1 31.7 53.2 _ 38.3 54.9 _ 41.0 54.4 _ 45.6 47.6 _ 48.0 41.6 _ 51.4 44.4 _ 48.5 44.1 46.3 48.2 44.4 51.8 42.7 55.2 Over 6-month span: 1991 ............................................................. 1992 ................................................................. 1993 .............................................................. 27.9 47.8 _ 29.2 50.6 _ 28.2 49.7 _ 33.0 51.1 _ 38.9 47.3 _ 44.0 49.3 _ 47.2 42.8 _ 46.3 42.0 _ 46.9 46.2 _ 46.1 47.6 44.0 56.6 43.4 56.3 Over 12-month span: 1991 ................................................................. 1992 .......................................................... 1993 ................................................................ 27.4 49.2 28.5 44.1 _ 28.1 45.2 29.9 43.8 32.2 44.9 33.4 45.6 35.7 47.6 39.0 54.1 42.8 51.4 46.3 47.6 47.8 _ _ _ _ _ _ _ Manufacturing payrolls, 139 industries Over 1-month span: 1991 ........................................................ 1992 ............................................................. 1993 ....................................................... 35.6 39.6 52.2 33.5 43.9 57.6 30.6 43.2 48.6 40.6 57.6 _ 46.0 46.4 _ 43.9 42.4 _ 49.6 51.4 _ 50.7 36.7 _ 42.8 45.7 46.4 39.2 45.3 51.1 46.0 48.9 Over 3-month span: 1991 ....................................................... 1992 ............................................................ 1993 ............................................................... 23.4 37.8 57.6 21.6 36.3 57.6 21.6 48.9 _ 32.4 49.3 _ 36.3 50.4 _ 43.5 46.4 _ 52.2 35.6 _ 49.6 36.7 _ 46.4 31.7 42.4 40.6 42.1 43.2 37.4 52.2 Over 6-month span: 1991 ................................................................ 1992 ................................................................. 1993 ................................................................. 17.3 41.4 20.5 43.2 21.9 41.4 25.9 47.8 34.9 41.7 40.6 42.4 45.3 29.9 44.6 30.9 45.3 33.1 39.9 35.3 36.0 48.6 36.0 51.4 Over 12-month span: 1991 .............................................................. 1992 ................................................................ 1993 ...................................................... 17.6 42.8 _ 19.4 32.4 _ 18.0 34.9 _ 19.4 30.6 _ 24.1 32.4 _ 25.2 33.8 _ 25.9 35.3 _ 28.8 43.5 _ 37.4 43.9 _ 40.6 41.4 38.1 - Data not available. NOTE: Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing 94 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis employment. Data for the 2 most recent months shown in each span are preliminary. See the “Definitions” in this section. See “Notes on the data” for a description of the most recent benchmark revision. 18. Annual data: Employment status of the population (Numbers in thousands) 19. Employment status 1984 1985 1986 1987 1988 1989 1990 1991 1992 Civilian noninstitutional population....................... Civilian labor force............................................ Labor force participation rate.................................... .......................... 176,383 113,544 178,206 115,461 180,587 117,834 182,753 119,865 184,613 121,669 186,393 123,869 188,049 124,787 189,765 125,303 191,576 126,982 64.4 64.8 65.3 65.6 65.9 66.5 66.4 66.0 66.3 112,440 61.5 3,208 109,232 114,968 62.3 3,169 111,800 117,342 63.0 3,199 114,142 117,914 62.7 3,186 114,728 116,877 61.6 3,233 113,644 117,598 61.4 3,207 114,391 7,425 6,701 5.5 62,944 6,528 5.3 62,523 6,874 5.5 63,262 8,426 6.7 64,462 9,384 7.4 64,593 1988 1989 1990 Employed .................................................... Employment-population ratio..................... Agriculture............................................. Nonagricultural industries....................... 105,005 59.5 3,321 101,685 107,150 60.1 3,179 103,971 109,597 60.7 3,163 106,434 Unemployed ............................................... Unemployment ra te .................................. Not in labor force............................................. 8,539 7.5 62,839 8,312 7.2 62,744 8,237 7.0 62,752 6.2 62,888 Annual data: Employment levels by industry (In thousands) 1985 1986 1987 Total employment................................................................. 94,496 Private sector..................................................................... 78,472 Goods-producing............................................................. 24,727 966 Mining........................................................................ 4,383 Construction ............................................................... Manufacturing............................................................. 19,378 97,519 81,125 24,859 927 4,673 19,260 99,525 82,832 24,558 777 4,816 18,965 102,200 Service-producing............................................................ Transportation and public utilities................................. Wholesale trade .......................................................... Retail trade ................................................................. Finance, insurance, and real estate............................. Services....................................................................... 69,769 5,159 5,574 16,526 5,689 20,797 72,660 5,238 5,736 17,336 5,955 21,999 74,967 5,255 5,774 17,909 6,283 23,053 77,492 5,372 5,865 18,462 6,547 24,235 80,363 5,527 6,055 19,077 6,649 25,669 83,007 5,644 84,822 5,808 6,221 6,200 19,549 6,695 27,120 Government................................................................ Federal.................................................................. State ...................................................................... Local ..................................................................... 16,024 2,807 3,734 9,482 16,394 2,875 3,832 9,687 16,693 2,899 3,893 9,901 17,010 2,943 3,967 17,386 2,971 4,076 10,339 17,779 2,988 4,182 10,609 Industry 1984 85,190 24,708 717 4,967 19,024 10,100 1991 1992 105,536 108,329 109,782 108,310 108,437 88,150 90,550 91,478 89,930 89,858 25,173 25,322 24,960 23,830 23,420 713 693 710 691 635 5,187 5,110 5,133 4,685 4,595 19,350 19,442 19,117 18,455 18,190 19,677 6,729 28,103 84,480 5,772 6,069 19,259 6,678 28,323 85,017 5,742 5,983 19,138 6,672 28,903 18,304 3,085 4,305 10,914 18,380 2,966 4,346 11,067 18,579 2,969 4,371 11,239 NOTE: See “Notes on the data” for a description of the most recent benchmark revision. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review M ay 1993 95 Current Labor Statistics: Employment Data 20. Annual data: Average hours and earnings of production or nonsupervisory workers on nonfarm payrolls, by industry Industry 1984 1985 1986 1987 1988 1989 1990 35.2 8.32 292.86 34.9 8.57 299.09 34.8 8.76 304.85 34.8 8.98 312.50 34.7 9.28 322.02 34.6 9.66 334.24 Mining: Average weekly hours ......................................... Average hourly earnings (in dollars) ........................ Average weekly earnings (in dollars).......................... 43.3 11.63 503.58 43.4 11.98 519.93 42.2 12.46 525.81 42.4 12.54 531.70 42.3 12.80 541.44 Construction: Average weekly hours ................................................ Average hourly earnings (in dollars) ........................ Average weekly earnings (in dollars)............................. 37.8 12.13 458.51 37.7 12.32 464.46 37.4 12.48 466.75 37.8 12.71 480.44 Manufacturing: Average weekly hours .............................................. Average hourly earnings (in dollars) ............................. Average weekly earnings (in dollars)........................ 40.7 9.19 374.03 40.5 9.54 386.37 40.7 9.73 396.01 39.4 39.5 11.40 450.30 Private sector: Average weekly hours................................................. Average hourly earnings (In dollars).................................. Average weekly earnings (in dollars) .............................. 1991 1992 345.35 34 3 10 33 354.32 364.30 43.0 13.26 570.18 44.1 13.68 603.29 44 4 14.18 629.59 638.44 37.9 13.08 495.73 37.9 13.54 513.17 38.2 13.77 526.01 38 1 13 99 533.02 536.18 41.0 9.91 406.31 41.1 10.19 418.81 41.0 10.48 429.68 40.8 10.83 441.86 40 7 11.18 455.03 11 45 469.45 39.2 11.70 458.64 39.2 12.03 471.58 38.8 12.26 475.69 38.9 12.60 490.14 38.9 12.97 504.53 38 7 13.24 512.39 13 49 523.41 34.5 10.01 Transportation and public utilities: Average weekly hours ................................................. Average hourly earnings (in dollars) .............................. Average weekly earnings (in dollars).................... 438.13 Wholesale trade: Average weekly hours ................................... Average hourly earnings (in dollars) .............................. Average weekly earnings (in dollars)............................. 341.78 38.4 9.15 351.08 38.3 9.34 357.57 38.1 9.59 365.38 38.1 9.98 380.24 38.0 10.39 394.82 38.1 10.79 411.10 38 1 11.15 424.82 11 40 435.48 Retail trade: Average weekly hours ............................................. Average hourly earnings (in dollars) .......................... Average weekly earnings (in dollars)............................. 29.8 5.85 174.47 29.4 5.94 174.81 29.2 6.03 175.80 29.2 178.70 29.1 6.31 183.62 28.9 6.53 188.72 28.8 6.75 194.40 28 6 95 198.77 205.63 Finance, insurance, and real estate: Average weekly hours ............................................. Average hourly earnings (in dollars) .............................. Average weekly earnings (in dollars)............................. 36.5 7.63 278.04 36.4 7.94 289.20 36.4 8.36 304.49 36.3 8.73 316.90 35.9 9.06 325.25 35.8 9.53 341.17 35.8 9.97 356.93 35 7 10.40 371.28 35 R 10 fi? 387.36 Services: Average weekly hours ......................................... Average hourly earnings (in dollars) .............................. Average weekly earnings (in dollars)............................. 32.6 7.59 247.25 32.5 7.90 256.49 32.5 8.18 265.93 32.5 8.49 275.93 32.6 32.6 9.38 305.79 32.5 9.83 319.48 10.22 96 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11.12 38.5 8.88 6.12 8.88 289.49 6 32 4 331.13 3? 5 10 54 342.55 21. Employment Cost Index, compensation,1 by occupation and industry group (June 1989=100) Series Dec. 1992 1991 1990 June Mar. Sept. Dec. Mar. June Percent change Sept. Dec. 3 months ended 12 months ended Dec. 1992 Civilian workers 2 ................................................ 107.6 Workers, by occupational group: White-collar workers................................. Professional specialty and technical....... Executive, administrative, and managerial Administrative support, including clerical . Blue-collar workers................................... Service occupations.................................. 108.3 109.8 107.7 107.8 106.5 108.0 109.1 110.2 111.5 112.2 113.5 114.2 115.4 116.1 113.9 115.4 113.0 113.9 115.8 118.2 114.3 115.9 114.4 116.2 116.6 119.1 115.0 116.8 115.2 116.7 120.2 116.2 116.5 116.2 119.2 121.3 111.4 110.3 112.3 112.2 111.1 113.1 114.1 111.0 111.2 111.8 111.9 113.5 114.0 113.5 115.5 117.5 117.3 115.7 114.0 113.3 114.3 114.7 114.2 116.3 118.4 118.1 116.1 114.6 114.1 115.3 115.7 115.4 118.2 119.8 118.9 115.8 115.3 121.0 1.0 119.7 116.3 116.0 .7 .4 .6 3.8 3.8 3.4 4.0 4.5 4.4 3.7 3.3 3.3 113.1 113.3 113.9 114.1 114.8 115.1 115.6 115.9 .7 .7 3.5 3.5 .7 .7 .8 3.3 3.5 4.5 110.8 112.1 112.8 111.7 113.5 114.4 112.5 110.6 110.2 109.2 110.4 111.8 112.6 .7 3.5 114.6 116.2 113.4 114.6 113.5 114.7 109.8 111.0 109.4 109.2 108.0 109.4 0.6 .8 .6 .8 .7 .4 3.4 4.1 2.2 4.1 3.7 3.2 Workers, by industry division: Goods-producing........................................ Manufacturing .......................................... Service-producing...................................... Services.................................................. Health services..................................... Hospitals............................................ Educational services............................. Public administration 3 ............................. Nonmanufacturing...................................... 110.9 110.9 111.4 108.7 107.8 112.3 109.4 113.2 112.9 112.4 110.9 110.3 Private industry workers............................................ Excluding sales occupations........................................ 107.0 107.1 108.5 108.6 109.8 109.8 107.4 107.7 108.7 107.2 106.0 109.0 109.2 110.3 110.4 111.4 112.2 110.1 111.1 111.8 112.8 108.9 108.0 110.3 109.8 111.5 109.8 112.7 113.9 112.3 109.6 113.4 113.8 115.3 112.7 114.2 114.6 116.4 113.1 115.1 115.8 118.0 113.9 115.9 116.6 119.0 114.5 111.6 112.2 111.8 112.6 .5 .7 2.7 107.3 108.6 109.9 111.0 111.9 113.6 114.4 115.5 116.4 .8 4.0 Blue-collar workers...................................................... Precision production, craft, and repair occupations.... Machine operators, assemblers, and inspectors......... Transportation and material moving occupations........ Handlers, equipment cleaners, helpers, and laborers .. 106.4 106.2 106.9 105.5 106.7 107.9 108.0 108.3 106.3 108.1 109.0 109.2 109.4 107.6 109.3 110.2 111.0 111.0 111.6 112.5 114.3 114.3 115.0 112.5 114.6 115.0 115.0 115.8 113.0 115.3 .6 .6 112.6 113.4 113.1 114.6 111.4 113.4 .6 3.6 3.6 3.8 3.7 3.5 Service occupations............ ....................... 107.3 108.3 109.9 111.5 112.4 113.5 114.2 115.4 115.9 .4 3.1 Production and nonsupervisory occupations4 106.9 108.4 109.6 110.8 111.5 113.0 113.8 114.8 115.5 .6 3.6 Workers, by industry division: Goods-producing.......................................... Excluding sales occupations................. White-collar occupations......................... Excluding sales occupations.................. Blue-collar occupations........................... Service occupations................................ Construction ............................................... Manufacturing............................................. White-collar occupations........................ Excluding sales occupations................ Blue-collar occupations.......................... Service occupations .............................. Durables ................................................... Nondurables.............................................. 107.0 107.0 107.4 107.1 106.9 106.4 105.6 107.2 107.4 107.0 107.2 106.3 107.2 107.4 108.5 108.4 108.8 108.5 108.4 107.9 107.4 108.6 108.8 108.3 108.5 107.8 108.5 108.8 109.8 109.8 111.0 111.9 111.8 112.2 111.6 112.1 113.5 113.4 113.6 113.2 113.4 113.8 114.3 114.1 114.5 113.9 114.1 115.5 111.7 114.7 114.6 113.8 114.8 115.4 114.8 114.7 115.3 115.2 115.5 115.1 115.1 116.9 113.1 115.7 115.5 115.0 115.7 117.0 115.8 115.4 116.1 115.9 116.7 116.2 115.8 117.5 113.8 116.5 116.6 115.9 116.4 117.6 116.7 116.3 .7 110.9 3.8 3.7 3.9 3.6 3.8 4.8 3.5 3.8 3.7 3.3 3.9 4.9 4.1 3.6 Service-producing........................................ Excluding sales occupations................ White-collar occupations.......................... Excluding sales occupations.................. Blue-collar occupations............................ Service occupations................................. Transportation and public utilities................ Transportation........................................... Public utilities............................................ Communications..................................... Electric, gas, and sanitary services ......... Wholesale and retail trade......................... Excluding sales occupations................. Wholesale trade....................................... Excluding sales occupations................ Retail trade............... .............................. Food stores......................................... General merchandise stores................ 107.0 107.3 107.4 108.0 105.4 107.4 105.1 104.6 105.7 105.2 106.2 106.2 106.1 106.5 106.2 106.0 106.4 106.9 108.5 108.7 109.1 109.5 106.6 108.4 106.0 105.2 107.0 106.0 108.3 107.4 107.7 107.8 108.2 107.3 107.5 108.3 113.6 114.0 114.1 114.9 114.4 115.1 114.9 116.1 112.4. 115.2 112.9 111.7 114.4 113.4 115.9 113.0 113.5 113.2 114.1 112.9 114.2 113.3 115.2 115.9 115.7 116.8 113.2 115.7 113.5 .7 .7 .7 111.8 .1 1.0 1.1 Workers, by occupational group: White-collar workers.................................................... Excluding sales occupations.................................... Professional specialty and technical occupations....... Executive, administrative, and managerial occupations Sales occupations...................................................... Administrative support occupations, including clerical..................................................................... 107.1 107.2 108.0 110.2 109.9 108.6 108.6 109.5 111.5 110.0 110.4 112.0 112.6 112.2 110.8 110.1 110.0 109.7 109.3 108.5 110.0 110.2 109.9 109.8 109.2 109.9 ! 113.8 115.0 114.7 114.9 112.4 114.6 116.1 115.9 115.4 112.2 112.6 111.7 112.3 111.0 111.1 112.0 110.5 110.5 108.3 110.4 111.2 111.1 110.8 110.5 109.3 112.3 113.9 110.4 110.6 112.2 111.3 112.4 111.1 111.1 112.2 112.0 112.1 112.1 114.0 113.6 113.0 114.2 113.9 114.1 113.8 110.3 109.8 109.9 110.4 111.3 111.5 110.1 109.0 111.4 112.2 109.9 110.1 107.6 109.9 107.7 106.8 108.8 108.0 109.8 109.2 109.1 109.6 109.6 109.0 109.3 111.7 111.2 111.2 111.2 110.6 112.2 111.0 112.1 108.7 111.6 109.0 107.8 110.4 109.9 112.3 111.6 112.1 112.1 113.0 109.4 112.5 109.7 108.6 111.2 110.7 111.7 110.7 112.8 113.2 113.4 114.1 110.4 113.4 111.1 109.9 112.6 111.8 110.8 111.1 111.2 113.7 111.4 111.5 112.5 112.5 110.3 110.5 111.7 110.8 112.6 111.2 111.1 111.7 111.0 110.3 110.1 110.7 110.3 110.1 111.6 114.1 111.9 110.5 113.7 112.7 115.0 112.5 112.7 113.5 113.5 112.1 113.6 112.9 115.6 114.7 116.7 113.7 114.1 114.4 114.9 113.4 115.1 113.3 .8 .7 .7 .8 .9 .7 .4 .6 1.0 1.0 .6 .5 .6 .7 1.0 .8 .6 .5 .8 .8 .6 .7 .4 .5 .7 .6 .5 1.1 .7 .4 .8 .0 2.0 3.2 3.4 3.2 3.4 3.5 2.8 3.5 2.9 4.0 3.6 4.5 2.7 3.0 3.0 3.3 2.6 3.0 2.0 See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review M ay 1993 97 Current Labor Statistics: Compensation & Industrial Relations 21. Continued— Employment Cost Index, compensation,1 by occupation and industry group (June 1989=100) 1990 1i)91 1992 Percent change Series Dec. Mar. June Sept. 105.5 106.7 108.3 108.6 109.5 109.5 105.8 106.0 109.3 107.4 107.4 107.4 107.0 109.5 111.5 110.4 113.5 113.2 111.5 Dec. Mar. June 109.7 110.0 110.6 111.4 111.7 112.5 110.8 112.2 112.5 107.5 109.5 113.1 107.4 110.7 114.0 110.2 110.0 111.0 113.2 115.3 112.5 117.9 117.7 115.8 116.8 114.7 116.4 113.6 118.9 118.5 116.3 117.4 114.9 117.8 115.2 119.3 120.3 113.5 114.1 114.9 114.4 114.9 116.0 111.8 112.8 114.1 Sept. Dec. 3 months ended 12 months ended Dec. 1992 Finance, insurance, and real estate............................... Excluding sales occupations .................................... Banking, savings and loan, and other credit agencies......................................................... Insurance ................................................................... Services ........................................................................ Business services....................................................... Health services .......................................................... Hospitals ................................................................. Educational services ................................................... Colleges and universities.......................................... 110.6 111.9 111.3 Nonmanufacturing ......................................................... White-collar occupations........................................... Excluding sales occupations.................................. Blue-collar occupations............................................ Service occupations ................................................. 106.9 107.4 108.0 105.6 107.4 108.5 109.1 109.5 107.2 108.4 State and local government workers ........................... 110.4 111.8 Workers, by occupational group: White-collar workers...................................................... Professional specialty and technical........................... Executive, administrative, and managerial ................... Administrative support, including clerical..................... Blue-collar workers........................................................ Workers, by industry division: Services ........................................................................ Services excluding schools5 ........................................ Health services......................................................... Hospitals................................................................ Educational services................................................. Schools................................................................. Elementary and secondary .................................. Colleges and universities..................................... Public administration3 .................................................... 110.8 110.7 111.4 110.8 110.3 112.6 112.2 110.9 112.2 111.2 110.1 110.2 112.3 112.2 111.8 108.7 110.4 98 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 111.1 112.0 115.3 114.9 114.9 115.5 116.5 116.1 115.7 116.3 109.7 110.4 110.9 111.5 111.5 110.6 112.1 108.2 109.9 109.2 111.7 112.9 109.8 112.5 112.7 113.4 114.1 110.7 113.4 112.0 113.9 114.4 115.2 112.3 112.4 114.2 114.5 113.3 113.5 112.4 114.6 115.0 113.7 114.0 112.9 114.8 113.7 113.9 114.1 114.9 115.2 115.7 113.4 115.3 114.4 114.9 115.2 115.3 115.6 116.2 113.5 112.2 112.6 112.0 111.7 110.9 111.3 112.4 112.6 110.2 111.1 112.2 112.6 112.2 111.7 111.4 111.4 111.6 112.1 110.2 112.4 112.5 112.9 111.3 108.7 110.8 Cost (cents per hour worked) measured in the Employment Cost Index consists of wages, salaries, and employer cost of employee benefits. 2 Consist of private industry workers (excluding farm and household workers) and State and local government (excluding Federal Government) workers. 1 110.0 112.2 112.1 112.6 112.9 113.0 112.5 110.9 112.1 111.1 120.6 120.2 111.3 113.0 111.4 115.2 118.9 115.9 121.8 121.6 120.0 120.8 0 P .4 1.4 4 .3 9 .6 1.0 1.2 6 4.3 45 .4 3.9 115.2 115.1 115.7 116.9 113.4 115.7 5 .4 2.8 115.7 117.9 118.6 .6 3.7 115.4 115.5 115.0 115.4 114.2 115.8 116.0 115.2 115.7 115.3 118.1 118.5 116.8 117.5 116.9 118.9 119 2 117.8 118.5 117.8 .8 4.3 115.8 115.1 115.9 115.9 115.7 116.0 116.6 114.0 114.0 116.2 115.6 116.8 116.7 116.1 116.4 117.1 114.1 114.6 118.8 117.5 118.6 118.6 118.9 119.2 119.9 116.9 115.8 119.6 118.6 119.4 119.4 119.7 119.9 120.7 117.2 116.3 7 .9 .7 .7 .7 37 39 3 ft 3 ft 6 7 8 9 6 7 3 .4 3Q 3.3 3 Consist of legislative, judicial, administrative, and regulatory activities. 4 This series has the same industry and occupational coverage as the Hourly Earnings Index, which was discontinued in January 1989. 5 Includes, for example, library, social, and health services. 22. Employment Cost Index, wages and salaries, by occupation and industry group (June 1989 = 100) 1991 1990 Series Dec. Mar. June 1992 Sept. Dec. Mar. June Percent change Sept. Dec. 3 months ended 12 months ended Dec. 1992 Civilian workers 1 ........................................................... 106.8 108.0 108.9 110.0 110.6 111.5 112.1 113.0 113.6 0.5 2.7 Workers, by occupational group: White-collar workers ........................................................ Professional specialty and technical.............................. Executive, administrative, and managerial ..................... Administrative support, including clerical ....................... Blue-collar workers.......................................................... Service occupations......................................................... 107.4 108.8 107.2 106.7 105.4 106.8 108.7 109.9 108.5 107.9 106.6 107.8 109.6 110.4 109.6 108.8 107.4 108.9 110.8 111.3 113.0 111.5 112.2 112.8 114.4 113.7 116.0 2.9 3.3 112.2 112.8 110.6 111.8 112.5 110.6 108.9 111.3 109.8 111.9 112.4 113.4 111.3 113.4 114.5 116.7 113.5 114.2 111.9 113.8 .7 113.6 111.9 Workers, by industry division: Goods-produclng............................................................... Manufacturing .................................................................. Service-producing ............................................................. Services........................................................................ Health services .......................................................... Hospitals .................................................................. Educational services .................................................. Public administration 2 .................................................. Nonmanufacturing........................................................... 105.8 106.2 107.2 109.2 109.7 109.8 110.4 107.3 106.9 107.0 107.4 108.4 108.0 108.4 109.3 110.7 108.8 109.3 109.7 110.3 110.7 111.5 110.6 111.0 111.8 111.1 112.4 113.4 113.1 113.6 109.1 108.1 109.5 109.0 110.6 110.2 113.0 114.5 114.3 114.0 110.9 110.7 113.7 115.4 115.2 114.1 111.9 111.5 Private industry workers........................................... Excluding sales occupations....................................... 106.1 106.2 107.3 107.4 108.4 108.4 109.3 109.4 110.0 110.2 110.9 106.6 106.9 107.5 107.9 108.2 108.6 109.1 109.2 109.5 110.1 110.5 106.9 105.2 108.2 106.8 109.4 108.5 Workers, by occupational group: White-collar workers................................................... Excluding sales occupations................................... Professional specialty and technical occupations..... Executive, administrative, and managerial occupations............................................................ Sales occupations.................................................... Administrative support occupations, including clerical.................................................................... 110.2 111.1 110.8 111.1 111.8 111.5 112.3 110.8 109.9 108.2 110.6 .6 .6 .7 .5 .4 1.8 3.3 2.8 2.2 111.4 112.2 112.2 112.0 112.9 113.3 115.9 117.7 117.1 116.9 113.1 113.0 111.6 111.8 112.5 112.9 113.2 .6 .6 2.6 111.1 110.7 111.3 111.7 112.3 112.0 113.0 114.0 .6 .6 2.8 111.1 113.7 114.4 116.0 2.7 112.8 112.9 113.7 115.3 .7 112.1 110.6 111.4 107.9 111.6 112.5 109.7 113.2 110.7 .6 109.7 112.0 110.1 .9 1.6 2.6 108.2 112.4 114.3 116.2 115.7 114.4 112.4 112.2 112.9 113.7 114.0 116.7 118.6 118.0 117.5 113.6 113.6 .6 .7 .6 .7 .8 .8 .5 .4 .5 2.9 3.1 2.7 3.3 3.6 3.2 3.1 2.4 2.6 2.7 3.6 106.4 107.6 108.6 109.6 110.4 111.6 112.4 113.2 114.0 .7 3.3 Blue-collar workers..................................................... Precision production, craft, and repair occupations........................................................... Machine operators, assemblers, and inspectors....... Transportation and material moving occupations...... Handlers, equipment cleaners, helpers, and laborers.................................................................. 105.2 106.4 107.3 108.0 108.8 109.7 110.4 111.1 111.6 .5 2.6 104.9 105.8 104.1 106.3 107.1 104.5 107.0 108.0 105.6 107.8 108.7 106.1 108.4 109.8 106.7 109.3 110.9 107.4 110.1 111.6 111.0 111.5 112.4 109.7 .5 .6 2.9 2.4 108.3 .4 2.8 106.2 107.3 108.5 109.2 109.9 110.6 111.3 112.1 112.6 .4 2.5 Service occupations................................................... 106.4 106.9 108.3 109.8 110.6 111.2 111.6 112.5 112.9 .4 2.1 111.7 109.3 Production and nonsupervisory occupations3 .............. 105.9 107.0 108.1 109.0 109.6 110.6 111.3 112.0 112.6 .5 2.7 Workers, by industry division: Goods-producing......................................................... Excluding sales occupations................................... White-collar occupations ........................................... Excluding sales occupations................................... Blue-collar occupations ............................................. Service occupations.................................................. 105.8 105.7 106.3 106.2 105.5 105.0 107.0 106.9 107.4 107.2 106.8 106.0 108.0 107.9 108.5 108.5 107.6 106.7 108.7 108.7 109.5 109.5 108.3 107.8 109.7 109.7 110.4 110.5 109.2 109.4 110.7 110.5 111.7 111.3 111.4 112.1 112.0 112.8 112.6 .6 2.8 2.6 110.1 110.1 110.7 113.2 112.9 111.4 111.0 112.2 114.2 113.7 111.9 113.1 .8 3.4 2.9 2.5 3.4 Construction ............................................................... 103.7 105.1 105.9 106.3 106.8 107.2 107.9 108.7 108.9 .2 2.0 Manufacturing............................................................. White-collar occupations........................................ Excluding sales occupations................................ Blue-collar occupations ......................................... Service occupations............................................... Durables.................................................................. Nondurables............................................................. 106.2 106.4 106.2 106.1 104.9 106.1 106.3 107.4 107.6 107.2 107.3 105.8 107.3 107.6 108.4 108.8 108.6 108.2 106.5 108.3 108.6 109.3 109.8 109.7 109.0 107.7 109.2 109.4 110.3 110.7 110.7 111.5 111.9 111.4 112.2 3.1 3.5 3.0 111.1 110.1 111.2 111.8 113.7 114.6 114.0 113.1 113.4 113.4 114.3 .7 .9 .9 110.0 112.9 113.6 113.0 112.4 112.3 112.7 113.2 .6 1.0 .6 1.0 3.8 2.9 3.3 Service-producing........................................................ Excluding sales occupations................................... White-collar occupations........................................... Excluding sales occupations................................. Blue-collar occupations ............................................. Service occupations.................................................. 106.3 106.6 106.8 107.2 104.7 106.5 107.5 107.7 108.1 108.5 105.6 107.0 108.7 108.7 109.3 109.5 106.5 108.4 109.7 110.2 111.1 111.7 110.0 110.7 110.7 111.5 111.7 112.4 108.7 111.3 112.2 112.2 112.3 113.0 113.0 113.7 113.6 114.7 .6 .6 2.5 2.7 .7 2.6 2.8 Transportation and public utilities............................. Transportation........................................................ Public utilities.......................................................... Communications................................................... Electric, gas, and sanitary services....................... 104.6 103.5 106.0 106.1 105.7 105.4 104.3 106.9 106.5 107.3 106.6 105.5 108.0 107.6 108.6 107.7 106.6 109.0 108.5 109.5 110.3 110.9 107.3 110.0 109.3 110.2 110.6 111.6 107.8 110.7 108.4 107.0 110.0 109.7 108.3 111.4 109.6 110.5 110.8 112.2 111.2 112.5 112.0 112.9 112.2 111.7 111.0 111.8 112.8 112.8 113.1 109.7 111.7 114.0 110.3 110.6 109.2 112.4 111.7 113.3 .5 .9 .7 .4 2.8 111.0 .6 .6 112.9 .3 2.0 111.2 111.8 .5 109.8 113.0 109.9 114.1 113.5 114.8 .1 1.0 1.2 3.1 2.7 3.7 3.6 3.9 112.6 112.2 114.2 .5 3.0 See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Lahor Review M ay 1993 99 Current Labor Statistics: Compensation & Industrial Relations 22.Continued— Employment Cost Index, wages and salaries, by occupation and industry group (June 1989 = 100) 1990 1991 1992 Percent change Series Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. 3 months ended 12 months ended Dec. 1992 Wholesale and retail trade........................................ Excluding sales occupations................................ Wholesale trade .................................................... Excluding sales occupations .............................. Retail trade............................................................ Food stores......................................................... General merchandise stores................................ 105.6 105.5 106.2 105.9 105.3 105.8 106.5 106.6 106.8 107.3 107.9 106.2 106.9 107.8 Finance, insurance, and real estate.......................... Excluding sales occupations .............................. Banking, savings and loan, and other credit agencies.................................................... Insurance............................................................... 104.8 106.1 Services................................................................... Business services................................................... Health services ....................................................... Hospitals .............................................................. Educational services ............................................... Colleges and universities...................................... 108.4 108.3 109.2 109.2 108.0 108.7 109.6 109.6 110.3 110.5 109.2 110.4 111.4 111.5 109.3 110.9 110.0 109.4 109.2 110.4 109.8 109.0 109.4 110.9 110.6 111.1 107.0 107.6 108.1 108.4 108.0 109.5 108.4 110.4 109.5 105.4 105.1 106.6 105.7 105.9 107.8 106.4 107.5 106.3 108.6 108.2 108.3 107.4 109.7 109.8 109.5 109.6 110.0 111.5 108.9 113.5 113.2 113.0 113.7 112.2 110.0 111.0 114.6 114.4 113.7 114.2 109.5 111.9 111.1 110.8 111.6 109.3 110.3 109.6 110.2 Nonmanufacturing....................................................... White-collar occupations.......................................... Excluding sales occupations.................................. Blue-collar occupations............................................ Service occupations ................................................. 106.1 106.7 107.2 104.3 106.5 107.3 108.0 108.5 105.5 107.1 108.4 109.2 109.4 106.3 108.4 State and local government workers......................... 109.4 110.6 109.9 110.2 109.7 113.7 111.8 .1 108.2 109.9 108.2 109.9 108.3 .1 110.2 .3 - .2 107.7 112.7 108.6 112.7 109.0 112.7 .4 .0 25 3.8 115.2 113.3 117.9 117.3 116.5 117.3 116.1 113.9 118.9 118.3 117.1 117.6 .8 35 115.6 115.4 113.4 114.2 114.0 111.7 116.3 115.9 113.6 114.5 110.6 111.2 113.2 110.6 111.8 ?5 ?9 24 20 1.1 .5 3.5 .8 38 34 3n 3.0 .9 5 .3 111.3 111.9 112.6 111.6 112.1 110.7 107.1 112.3 108.2 111.3 113.0 109.1 111.7 113.9 109.7 113.5 114.6 110.0 111.5 107.5 110.7 112.8 112.6 112.9 .5 .3 2.0 110.9 112.8 113.2 113.8 114.2 115.9 116.6 .6 3.0 113.1 113.8 113.5 114.2 112.3 114.0 114.5 113.3 112.7 112.5 114.3 114.8 113.5 112.9 113.7 116.2 117.0 114.7 114.1 115.0 116.9 117.6 115.5 114.9 115.6 5 .7 7 .5 2 ft 2R 3.6 114.4 114.8 114.9 114.5 114.3 114.3 114.9 112.3 111.9 114.7 115.2 115.7 115.2 114.6 114.6 115.3 112.3 112.4 116.9 116.4 116.7 116.5 116.9 117.0 117.9 114.1 113.1 117.5 117.4 117.4 117.1 117.6 117.5 118.5 114.3 113.6 5 .9 28 111.2 108.9 107.9 107.7 110.6 111.4 110.0 111.1 111.8 111.6 Workers, by industry division: Services ..................................................................... Services excluding schools4 ..................................... Health services...................................................... Hospitals............................................................. Educational services................................................. Schools................................................................. Elementary and secondary .................................. Colleges and universities..................................... Public administration 2 ................................................. 110.3 109.6 109.7 109.8 110.5 110.5 110.9 109.2 107.3 111.3 111.4 111.5 111.4 111.7 111.3 111.5 111.5 111.7 113.7 113.5 113.0 112.9 113.8 113.7 114.3 114.1 114.2 114.0 114.1 114.1 114.0 114.7 111.0 112.0 110.6 112.0 109.5 1 Consists of private industry workers (excluding farm and household workers) and State and local government (excluding Federal Government) workers. 2 Consists of legislative, judicial, administrative, and regulatory activities. 23. 112.3 111.7 07 4 1.4 7 .4 .7 110.7 111.7 110.7 109.7 109.1 113.5 114.1 110.6 111.5 111.2 111.6 110.2 112.3 112.6 109.8 111.0 110.7 111.3 111.5 112.1 111.9 113.3 111.3 112.9 111.7 109.3 110.6 111.1 111.2 111.4 112.5 112.7 110.2 Workers, by occupational group: White-collar workers................................................... Professional specialty and technical ......................... Executive, administrative, and managerial................. Administrative support, including clerical................... Blue-collar workers..................................................... 109.4 109.1 109.9 110.1 112.0 110.9 110.2 .6 6 .6 2 fi 28 2.5 3n .6 3n 30 26 31 .6 .5 .6 4 5 33 2 .4 2.4 3 This series has the same industry and occupational coverage as the Hourly Earnings Index, which was discontinued in January 1989 4 Includes, for example, library, social and health services Employment Cost Index, benefits, private industry workers by occupation and industry group (June 1989 = 100) 1990 1991 1992 Percent change Series Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. 3 months ended 12 months ended Dec. 1992 Private industry workers ............................................... 109.4 111.6 113.5 115.2 116.2 118.6 119.7 121.2 122.2 0.8 5.2 Workers, by occupational group: White-collar workers ........................................................ Blue-collar workers.......................................................... 109.7 109.0 112.1 111.0 113.8 112.8 115.3 114.9 116.4 115.7 118.4 118.7 119.4 119.7 121.0 121.2 122.0 122.2 .8 .8 48 5.6 Workers, by industry group: Goods-producing............................................................. Service-producing............................................................ Manufacturing ................................................................. Nonmanufacturing ........................................................... 109.9 109.0 109.5 109.3 111.9 111.4 113.9 113.0 113.3 113.5 115.8 114.6 115.3 115.1 116.7 115.7 116.1 116.2 119.7 117.7 119.3 118.2 120.6 120.1 122.3 120.4 121.5 123.4 118.8 119.4 .9 .7 .9 121.0 57 4.8 56 5.0 100 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 111.2 111.9 121.2 122.6 122.0 .8 24. Employment Cost Index, private nonfarm workers, by bargaining status, region, and area size (June 1989=100) Series Dec. Mar. Sept. June Percent change 1992 1991 1990 Dec. Mar. June Sept. Dec. 3 months ended 12 months ended Dec. 1992 COMPENSATION Workers, by bargaining status1 Union ........................................................... Goods-producing........................................ Service-producing....................................... Manufacturing ............................................ Nonmanufacturing...................................... 106.2 106.3 106.0 106.6 105.9 107.5 107.9 107.1 108.1 107.1 108.8 109.2 108.3 109.5 108.3 110.1 111.1 110.3 109.8 110.6 111.3 110.9 111.7 113.1 114.0 111.9 114.8 109.7 110.6 Nonunion...................................................... Goods-producing........................................ Service-producing....................................... Manufacturing ............... ............................. Nonmanufacturing...................................... 107.3 107.4 107.2 107.6 107.2 108.8 108.8 108.8 108.8 108.8 110.1 110.1 110.1 110.2 110.1 111.2 111.9 111.3 112.2 111.8 Workers, by region 1 Northeast...................................................... South ........................................................... Midwest (formerly North Central)................... West............................................................. 107.6 106.9 107.1 106.3 109.4 108.4 108.5 107.5 110.6 109.8 109.7 108.9 111.7 110.7 Workers, by area size 1 Metropolitan areas.................................. Other areas............................................ 107.1 106.8 108.5 108.4 109.8 109.9 111.0 Workers, by bargaining status 1 Union ............................................................ Goods-producing........................................ Service-producing........................................ Manufacturing ............................................. Nonmanufacturing....................................... 105.1 105.0 105.2 105.5 104.8 106.2 106.2 106.1 106.7 105.8 Nonunion...................................................... Goods-producing........................................ Service-producing....................................... Manufacturing............................................ Nonmanufacturing...................................... 106.4 106.1 106.5 106.5 106.3 Workers, by region 1 Northeast...................................................... South ........................................................... Midwest (formerly North Central)................... West............................................................. Workers, by area size1 Metropolitan areas................................. Other areas........................................... 115.2 115.7 114.6 116.1 114.5 115.9 116.4 115.2 116.9 115.1 0.6 .6 111.8 114.0 114.6 113.2 115.2 113.1 113.1 113.3 113.0 113.6 112.9 113.8 114.1 113.7 114.5 113.5 114.7 115.1 114.4 115.5 114.3 115.5 116.0 115.2 116.4 115.1 .7 110.9 113.9 112.5 113.8 111.9 114.5 113.3 114.6 112.9 115.5 114.1 115.3 114.1 116.4 114.8 116.1 114.9 .7 .7 3.5 3.2 3.5 3.6 110.7 111.8 111.2 113.1 113.1 113.9 113.7 114.8 114.8 115.6 115.6 .7 .7 3.4 4.0 107.1 107.1 107.0 107.5 106.7 108.0 107.7 108.4 108.3 107.9 108.9 108.7 109.2 109.4 108.6 109.8 109.6 110.8 110.2 111.7 111.5 110.9 110.7 112.5 111.7 111.7 112.3 111.7 113.1 112.5 .5 .5 .5 .7 .4 3.1 110.1 107.6 107.3 107.8 107.7 107.6 108.7 108.3 108.9 108.8 108.7 109.7 109.2 109.9 109.7 109.6 110.3 111.2 111.2 111.2 113.1 113.3 113.0 114.2 112.7 .6 .6 .6 2.5 2.9 2.4 3.2 2.4 106.9 106.1 105.8 105.4 108.3 107.4 106.9 106.4 109.4 108.5 107.7 107.6 110.3 109.2 108.9 108.6 110.9 109.6 109.9 109.4 113.7 112.7 112.5 .6 .6 .6 112.8 .5 2.4 3.1 106.1 106.0 107.3 107.2 108.4 108.4 109.3 109.0 112.3 112.9 109.4 112.0 112.8 .5 .7 2.5 3.1 111.2 111.5 111.2 111.2 110.0 112.4 111.7 112.5 111.2 112.2 .5 .7 .5 .8 .7 .8 .7 .8 .6 4.3 4.6 3.9 4.7 4.1 3.2 3.4 3.0 3.6 3.0 WAGES AND SALARIES 1 The indexes are calculated differently from those for the occupation and industry groups. For a detailed description of the index calculation, see the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 110.1 110.4 110.7 110.1 110.1 110.4 109.4 111.1 111.8 112.4 112.6 111.9 110.9 111.9 111.7 112.7 111.4 112.3 113.4 111.7 112.2 113.0 110.8 110.7 111.5 111.3 110.2 111.1 112.0 111.8 112.2 110.9 110.7 111.6 111.2 112.0 112.2 .7 .6 2.8 3.6 2.8 3.3 2.5 2.8 Labor R e v ie w Technical Note, “Estimation procedures for the Employment Cost Index,” May 1982. M o n th ly Monthly Labor Review M ay 1993 101 Current Labor Statistics: 25. Compensation & Industrial Relations Percent of full-time employees participating In employer-provided benefit plans, 1980-91 Small private establish ments’ Medium and large private establishments' Item 1980 1981 1982 1983 1984 1985 1986 1988 1989 1991 1990 State and local governments3 1987 1990 Tlme-off plans Participants with: Paid lunch time ................................................ Average minutes per day.............................. Paid rest tim e.................................................. Average minutes per day.............................. Paid funeral leave............................................ Average days per occurrence...................... Paid holidays................................................... Average days per year................................. Paid personal leave......................................... Average days per year.................................. Paid vacations................................................. Paid sick leave................................................ Unpaid maternity leave ................................... Unpaid paternity leave .................................... 9 25 76 25 99 99 99 10.1 20 10 .2 10.0 23 99 65 24 3.8 99 67 67 9 26 73 26 99 9.8 23 3.6 99 67 - _ - _ - _ - _ - _ 97 97 97 96 97 58 98 60 62 37 58 46 62 99 99 99 ~ - 50 37 53 43 26 27 49 27 96 96 96 96 96 96 96 92 94 94 64 85 69 - 72 64 72 64 72 66 74 64 73 13 62 72 76 59 49 71 6 44 67 8 71 7 42 78 10 40 41 43 45 47 48 48 42 45 54 50 51 49 51 52 49 46 84 84 84 82 82 80 76 55 56 98 50 43 - 58 97 52 45 - 64 97 51 54 - 63 97 47 54 56 - 67 97 41 57 61 7 53 64 98 35 57 62 7 60 - - - - 26 33 - - ~ “ “ 10 10 75 - 75 « 100 62 “ 11 25 74 25 99 9.8 25 3.7 10 10 11 10 8 27 72 26 27 72 26 8 88 26 71 26 84 3.3 97 9.2 30 88 29 72 26 85 3.2 96 9.4 24 3.3 98 69 37 48 27 47 2.9 84 9.5 3.2 98 3.2 99 10.1 10.0 26 3.7 99 67 25 3.7 22 3.1 97 67 26 80 3.3 92 1 0 .2 21 11 2 .8 88 17 34 4 58 29 56 3.7 81 10.9 38 2.7 72 97 36 56 29 63 3.7 74 13 6 39 29 67 95 4 11 68 3.3 96 67 37 18 37 26 17 - 33 16 8 57 30 51 33 96 95 90 92 83 69 93 93 56 66 67 99 70 99 61 52 68 70 61 75 80 97 97 96 81 80 98 97 96 79 83 98 97 94 76 78 98 87 99 99 66 76 79 98 80 74 86 98 33 36 36 43 44 47 51 $10.13 $11.93 $12.05 $12.80 $19.29 $25.31 $26.60 51 54 58 56 63 64 66 69 - $32.51 $35.93 $38.33 $41.40 $60.07 $72.10 $96.97 42 $25.13 67 $109.34 100 100 70 47 Insurance plans Participants in medical care plans..................... Participants with coverage for: Home health c a re ......................................... Extended care facilities................................. Mental health ca re ........................................ Alcohol abuse treatment............................... Drug abuse treatment .................................. Participants with employee contribution required for: Self coverage................................................ Average monthly contribution ................... Family coverage............................................ Average monthly contribution5 ................... Participants in life insurance plans.................... Participants with: Accidental death and dismemberment insurance................................................. Survivor income benefits .............................. Retiree protection available.......................... Participants in long-term disability insurance plans............................................................. Participants in sickness and accident insurance plans............................................................. Retirement plans Participants in defined benefit pension plans'.... Participants with: Normal retirement prior to age 6 5 ................ Early retirement available............................. Ad hoc pension increase in last 5 years...... Terminal earnings formula............................ Benefit coordinated with Social Security...... Participants in defined contribution plans.......... Participants in plans with tax-deferred savings arrangements ................................................ 46 “ 98 53 45 - 55 99 82 79 35 38 $15.74 $25.53 71 65 $71.89 $117.59 88 67 1 1 1 19 55 45 40 19 31 27 43 45 26 14 21 63 63 59 20 93 90 59 98 26 62 97 55 55 64 63 48 54 95 7 58 49 31 92 90 33 89 88 16 62 45 96 7 56 54 48 100 100 18 9 8 9 36 41 44 17 28 45 5 9 23 10 1 5 36 8 5 5 31 22 Other benefits Employees eligible for Flexible benefits p lan s.................................... Reimbursement accounts................................ ” ' From 1979 to 1986, data were collected in private sector establishments with a minimum employment varying from 50 to 250 employees, depending upon industry. In addition, coverage in service industries was limited. Begin ning in 1988, data were collected in all private sector establishments employing 100 workers or more in all industries. 2 Includes private sector establishments with fewer than 100 workers. 3 In 1987, coverage excluded local governments employing fewer than 50 workers. In 1990, coverage included all State and local governments. 4 Data exclude college teachers. 5 Data for 1983 refer to the average monthly employee contribution for dependent coverage, excluding the employee. Beginning in 1984, data refer 102 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 5 12 to the average monthly employee contribution for family coverage, which includes the employee. 6 Prior to 1985, data on participation in defined benefit pension plans included a small percentage of workers participating in money purchase pension plans. Beginning in 1985, these workers were classified as participating in defined contribution plans. Includes employees who participated in Payroll-based Employee Stock Ownership Plans. Beginning in 1987, these plans were no longer available. NOTE: Dash indicates data were not collected in this year. 26. Specified compensation and wage rate changes from contract settlements, and wage rate changes under all agreements, private industry collective bargaining agreements covering 1,000 workers or more (in percent) Quarterly average Annual average 1992 1991 Measure 1990 1991 4.6 3.2 II III IV I II III IV I 4.1 3.4 3.8 3.0 4.8 3.9 3.7 3.2 3.6 2.9 2.7 3.5 3.6 3.6 3.3 3.0 1.4 2.7 4.0 3.2 3.6 3.2 4.3 3.3 3.6 3.5 3.2 3.0 3.7 3.2 3.1 3.1 2.8 3.0 2.9 3.1 1.8 2.6 3.5 3.6 .7 1.0 1.1 .7 .6 1.0 1.0 .4 .3 .3 .1 .1 .4 .1 .2 .7 .1 .3 .6 .1 .2 .2 .1 Changes under settlements: Total compensation 1 changes,2 settlements covering 5,000 workers or more: Wage changes, settlements covering 1,000 workers or more: Wage changes under all agreements: Source: 1.3 1.5 .7 .4 .6 .1 .2 .4 .2 1.1 1.9 .5 1 Compensation includes wages, salaries, and employers’ cost of employee benefits when contract is negotiated, 2 Changes are the net result of increases, decreases, and zero change in .3 .7 .1 compensation or wages. 3 Because of rounding, total may not equal sum of parts. 27. Average specified compensation and wage rate changes, private industry collective bargaining settlements covering 1,000 workers or more during 4-quarter periods (in percent)_______________________________________ Average for four quarters ending1992 1991 Measure IV III II I I III h IV Specified total compensation changes, settlements covering 5,000 workers or more, all industries: First year of contract........................................................................ Annual average over life of contract................................................. 4.5 3.1 4.4 3.1 4.3 3.3 4.1 3.4 4.0 3.4 3.6 3.2 3.5 3.2 3.0 3.1 Specified wage changes, settlements covering 1,000 workers or more: All industries: First year of contract ..................................................................... Contracts with COLA clauses...................................................... Contracts without COLA clauses ................................................. Annual average over life of contract.............................................. Contracts with COLA clauses...................................................... Contracts without COLA clauses ................................................ 4.1 3.5 4.5 3.1 1.9 4.0 3.8 3.4 4.1 3.0 3.7 3.3 3.9 3.1 3.1 3.1 3.1 3.1 2.2 2.6 2.6 3.7 3.4 3.5 3.3 3.5 3.2 3.0 3.3 3.2 3.0 3.2 3.1 2.1 3.6 3.4 3.7 3.2 3.0 3.3 3.2 3.2 2.7 2.7 2.7 3.0 2.5 3.1 3.9 3.2 4.8 3.1 2.7 3.7 3.5 3.2 4.0 3.0 2.7 3.5 3.1 2.7 3.7 2.7 3.0 3.4 3.9 3.4 3.3 4.1 3.2 3.4 3.8 3.4 3.3 4.1 3.3 Manufacturing: First year of contract ..................................................................... Contracts with COLA clauses...................................................... Contracts without COLA clauses ................................................. Annual average over life of contract.............................................. Contracts with COLA clauses...................................................... Contracts without COLA clauses ................................................. Nonmanufacturing: First year of contract..................................................................... Contracts with COLA clauses...................................................... Contracts without COLA clauses ................................................ Annual average over life of contract.............................................. Contracts with COLA clauses...................................................... Contracts without COLA clauses ................................................. Construction: First year of contract ..................................................................... Contracts with COLA clauses...................................................... Contracts without COLA clauses ................................................. Annual average over life of contract.............................................. Contracts with COLA clauses..................................................... Contracts without COLA clauses ................................................. (’ ) (’ ) ( 1) (') 0 (’ ) (1) (1) 3.7 3.9 3.1 3.7 2.2 (2) (2) (2) (2) (2) 2.3 3.0 2.9 2.9 3.6 4.2 2.3 2.2 (2) (2) (2) (2) (2) (2) ( 1) (’ ) 3.4 ( 1) ( 1) O (1) (’ ) (’ ) 3.6 3.9 4.1 (’ ) 0 2.7 2.1 2.0 O ( 1) (’ ) (1) (') (’ ) ( 1) (’ ) 3.9 3.7 4.0 (') (’ ) (2) (2) (2) 3.0 3.4 2.1 1.8 3.3 3.3 1.9 3.2 3.2 3.8 3.2 3.2 3.7 3.2 3.1 3.8 3.0 3.2 3.3 3.2 2.3 (1) ( 1) 2.6 2.7 3.6 2.6 3.0 3.0 3.0 2.0 2.0 (1) (') C) ( 1) 2.7 ( 1) ( 1) 2.6 1.6 2.2 3.6 2.7 2.5 (1) (1) 2.4 ( 1) ( 1) 1 Data do not meet publication standards. 2 None of the settlements included COLA provisions. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review M ay 1993 103 Current Labor Statistics: Compensation & Industrial Relations 28. Average wage rate changes, private industry collective bargaining agreements covering 1,000 workers or more during 4-quarter periods (in percent) Average for four quarters endingMeasure 1991 Average wage change'.................................................................. Source: Current settlements.......................................................... Prior settlements................................................................ COLA provisions......................................................................... III IV I II III IV 3.4 3.5 3.6 3.5 3.4 3.2 31 1.3 1.1 1.8 .6 1.1 1.1 2.0 .9 1.9 .5 2.0 .4 .4 .9 1.9 .4 1.9 .4 4.2 4.1 4.0 3.8 3.9 3.8 37 3.9 3.4 2.4 3.8 3.6 2.4 4.2 3.7 4.0 3.7 3.6 3.7 36 3.8 2.0 1.8 3.9 3.7 1.9 2.1 2.0 1.6 .5 Average wage increase ............................................................... Source: Current settlements.................................................................... Prior settlements............................................................ COLA provisions............................................................ 1992 II ' Because of rounding, total may not equal sum of parts. 29. Specified compensation and wage rate changes from contract settlements, and wage rate changes under all agreements, State and local government collective bargaining agreements covering 1,000 workers or more (in percent) Annual average Measure 1990 1991 5.1 5.1 2.7 4.9 5.0 2.6 2.6 2.1 4.6 1.0 1.9 2.0 2.6 .2 .8 1.1 Changes under settlements: Total compensation ' changes, 2 settlements covering 5,000 workers or more: First year of contract ............................................................................................................................... Annual average over life of contract.................................................................................................. Wage changes, settlements covering 1,000 workers or more: First year of contract ............................................................................................................................... Annual average over life of contract............................................................................................................... Wage changes under all agreements: Average wage change 3 ...................................................................................................................................... Source: Current settlements.................................................................................................................... Prior settlements........................................................................................................................................ COLA provisions............................................................................................................................... Compensation includes wages, salaries, and employers’ cost of employee benefits when contract is negotiated. 2 Changes are the net result of increases, decreases, and zero change in 1 30. 1992 2.1 .6 1.9 (4) compensation or wages. 3 Because of rounding, total may not equal sum of parts. 4 Less than 0.05 percent. Work stoppages involving 1,000 workers or more Annual totals 1992 1993 Measure 1991 1992 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Number of stoppages: Beginning in period................... In effect during period............... 40 45 35 41 Workers involved: Beginning in period (in thousands)............................... In effect during period (in thousands)............................... 392.0 363.8 2.7 15.2 9.6 242.6 3.8 56.8 16.2 14.5 .0 412.0 388.0 17.9 34.7 23.5 258.7 11.5 63.8 80.0 23.5 7.0 4,583.6 3,988.6 366.8 414.5 321.8 741.2 157.0 213.9 578.4 280.6 98.6 .02 .01 .01 .02 .01 .03 .01 .01 .02 .01 .01 Days idle: Number (in thousands).............. Percent of estimated working time' ........................................ 1 5 4 9 6 11 1 Agricultural and government employees are included in the total employed and total working time: private household, forestry, and fishery employees are excluded. An explanation of the measurement of idleness as a percentage of the total time worked is found 104 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 12 1 3 8 5 6 14 5 9 0 3 in “'Total economy’ measure of strike idleness,” pp. 54-56. p = preliminary. Jan. 0 2 Feb.p Mar.p 2 1 2 3 3 5 .0 220 50 84 2.6 236 76 177 48.2 564 1,394 996 .01 1 1 1 M o n th ly L a b o r R e v ie w , October 1968, 31. Consumer Price Indexes for All Urban Consumers and for Urban Wage Earners and Clerical Workers: U.S. city average, by expenditure category and commodity or service group (1982-84=100, unless otherwise indicated) Series 1992 Ann ual aver age 1993 1991 1992 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. All items................................................................................. All items (1967=100) ............................................................. 136.2 408.0 140.3 420.3 139.3 417.2 139.5 417.9 139.7 418.6 140.2 419.9 140.5 420.8 140.9 422.0 141.3 423.2 141.8 424.7 142.0 425.3 141.9 425.2 142.6 427.0 143.1 428.7 143.6 430.1 Food and beverages............................................................ Food.................................................................................. Food at hom e................................................................. Cereals and bakery products......................................... Meats, poultry, fish, and eggs........................................ Dairy products............................................................... Fruits and vegetables.................................................... Other foods at home..................................................... Sugar and sweets....................................................... Fats and oils............................................................... Nonalcoholic beverages.............................................. Other prepared foods................................................. Food away from home .................................................... Alcoholic beverages........................................................... 136.8 136.3 135.8 145.8 132.6 125.1 155.8 127.3 129.3 131.7 114.1 137.1 137.9 142.8 138.7 137.9 136.8 151.5 130.9 128.5 155.4 128.8 133.1 129.8 114.3 140.1 140.7 147.3 138.8 138.1 137.5 149.7 130.7 127.8 161.3 129.0 132.9 129.8 115.3 139.8 140.1 146.7 138.8 138.1 137.4 150.6 130.3 127.4 162.0 128.6 133.0 129.6 114.4 139.5 140.2 147.2 138.3 137.4 136.2 150.7 130.0 127.0 155.1 128.9 132.9 130.4 114.5 140.0 140.4 147.4 138.3 137.4 136.1 151.6 130.2 127.8 151.9 129.2 133.3 130.2 115.0 140.1 140.7 147.5 138.1 137.2 135.7 152.4 130.1 128.3 149.4 128.7 133.8 129.9 113.9 139.8 140.8 147.7 138.8 138.0 136.9 153.1 130.8 129.2 153.7 129.1 133.8 129.5 114.1 140.8 141.0 147.6 139.3 138.5 137.4 152.6 131.5 129.7 155.5 129.0 133.7 129.9 114.2 140.4 141.2 148.0 139.2 138.3 137.2 152.8 131.5 130.1 153.7 129.2 133.7 129.9 114.1 140.9 141.3 148.2 139.1 138.3 137.0 152.7 131.8 129.4 154.0 128.2 133.0 128.5 112.4 140.6 141.5 148.2 139.5 138.7 137.5 153.3 132.1 129.1 156.2 128.3 132.1 128.4 112.3 141.2 141.6 148.1 140.5 139.8 139.1 153.4 133.5 129.5 160.9 129.4 133.1 130.2 113.5 142.1 142.0 148.7 140.7 139.9 139.1 154.9 133.2 128.8 159.4 130.3 133.3 130.7 115.1 142.7 142.2 149.1 140.9 140.1 139.4 154.6 134.5 128.8 159.1 130.2 132.8 130.2 114.8 143.0 142.4 149.4 Housing ............................................................................... Shelter............................................................................... Renters’ costs (12/82=100).......................................... Rent, residential....................... ..................................... Other renters’ costs ...................................................... Homeowners’ costs (12/82=100)................................... Owners’ equivalent rent (12/82=100).......................... Household insurance (12/82=100)............................... Maintenance and repairs................................................. Maintenance and repair services .................................. Maintenance and repair commodities............................ Fuel and other utilities....................................................... Fuels .............................................................................. Fuel oil, coal, and bottled g a s ...................................... Gas (piped) and electricity............................................ Other utilities and public services.................................... Household furnishings and operations............................... Housefurnishings............................................................ Housekeeping supplies................................................... Housekeeping services.................................................... 133.6 146.3 155.6 143.3 174.6 150.2 150.4 138.4 126.3 130.3 136.6 150.4 161.2 146.4 187.3 154.1 154.3 141.0 128.4 132.0 123.5 115.8 105.2 90.5 111.5 141.7 117.7 109.4 128.6 130.3 136.5 150.2 160.1 146.2 183.7 154.2 154.4 141.1 128.0 132.2 122.4 115.8 105.1 89.9 111.3 142.2 118.0 109.7 129.0 130.5 136.7 137.7 150.2 151.1 159.5 161.0 146.3 146.6 180.9 186.2 154.4 155.0 154.6 155.3 141.4 142.0 128.1 128.5 131.9 133.1 123.0 122.3 116.8 119.0 106.5 110.2 89.8 90.1 113.0 117.4 142.4 142.2 117.9 118.2 109.2 109.1 129.5 129.8 131.0 132.6 138.3 151.8 162.8 147.0 192.0 155.5 155.7 142.6 128.8 133.4 138.5 152.5 161.7 148.0 184.2 156.8 157.1 143.3 129.4 134.7 138.5 152.4 160.6 148.6 178.3 157.2 157.5 143.5 129.5 134.8 119.4 110.4 90.0 117.6 143.1 118.4 109.4 130.1 132.6 138.6 152.3 163.5 147.0 194.7 155.8 156.1 142.9 128.1 133.1 121.3 119.4 110.3 89.7 117.5 143.3 118.3 109.0 130.1 133.0 138.4 151.9 161.7 147.2 186.9 156.0 156.3 143.1 128.5 133.1 137.9 116.0 107.5 128.9 127.5 137.5 151.2 160.9 146.9 184.8 155.3 155.5 142.2 128.6 133.1 122.4 117.8 108.1 90.7 114.8 142.5 118.0 109.0 129.6 132.1 139.3 153.7 162.5 148.9 184.9 158.2 158.5 144.1 129.7 135.1 122.5 119.2 109.2 92.3 115.9 144.3 118.2 108.6 130.0 134.1 139.7 154.4 164.4 149.1 191.6 158.5 158.8 144.7 130.5 135.2 124.0 118.4 107.5 92.5 113.8 145.3 118.6 108.9 130.6 134.5 140.2 154.8 165.2 149.1 195.0 158.7 159.0 144.9 131.5 135.8 125.8 119.5 108.6 92.8 115.1 146.3 118.7 109.3 129.6 134.6 Apparel and upkeep............................................................ Apparel commodities......................................................... Men’s and boys’ apparel................................................ Women’s and girls’ apparel ............................................ Infants’ and toddlers’ apparel......................................... Footwear........................................................................ Other apparel commodities............................................. Apparel services................................................................ 128.7 126.4 124.2 127.6 128.9 120.9 137.7 142.9 131.9 129.4 126.5 130.4 129.3 125.0 142.6 147.9 133.4 131.2 127.4 133.6 127.1 124.9 143.9 146.6 133.3 131.1 127.8 133.1 131.3 125.6 141.5 146.7 133.1 130.9 127.5 132.6 130.3 126.0 142.8 146.8 131.0 128.4 126.2 128.2 129.6 125.4 142.7 148.6 129.2 126.5 124.2 125.1 128.3 124.4 144.2 148.5 Transportation ..................................................................... Private transportation........................................................ New vehicles.................................................................. New cars...................................................................... Used c a rs....................................................................... Motor fuel....................................................................... Gasoline....................................................................... Maintenance and repair.................................................. Other private transportation............................................ Other private transportation commodities..................... Other private transportation services............................ Public transportation......................................................... 123.8 . 121.9 . 126.0 . 125.3 . 118.1 99.4 99.2 136.0 . 149.1 . 104.1 . 159.2 . 148.9 126.5 124.6 129.2 128.4 123.2 99.0 99.0 141.3 153.2 104.8 164.2 151.4 124.4 129.1 128.2 115.7 93.4 93.2 140.3 152.2 105.2 162.8 153.5 125.2 126.3 126.9 122.9 124.3 125.4 129.1 129.2 129.1 128.2 128.4 128.2 117.9 120.5 123.1 99.4 102.9 95.0 99.4 103.0 94.8 140.5 140.8 141.2 152.4 152.5 152.6 104.8 104.8 104.6 163.2 163.2 163.5 154.7 151.6 145.3 127.2 125.5 128.6 127.8 124.8 Medical care....................................................................... Medical care commodities................................................ Medical care services....................................................... Professional services...................................................... Hospital and related services......................................... . 177.0 . 176.8 . 177.1 . 165.7 . 196.1 190.1 188.1 190.5 175.8 214.0 187.3 186.7 187.4 173.4 209.7 188.1 187.9 188.1 174.1 210.3 188.7 187.6 188.9 174.7 211.4 Entertainment..................................................................... Entertainment commodities.............................................. Entertainment services..................................................... . 138.4 . 128.6 . 150.6 142.3 131.3 155.9 141.2 130.7 154.3 142.0 131.4 155.2 142.0 131.2 155.3 . 171.6 183.3 . 202.7 219.8 . 134.9 138.3 . 132 8 136.5 .. 137.0 140.0 . 183.7 197.4 .. 180.3 190.3 .. 184.2 198.1 179.8 213.5 137.9 136.1 139.6 193.5 188.6 194.0 180.3 181.3 181.5 214.5 219.3 219.2 138.5 138.0 137.8 137.0 136.1 135.7 139.8 139.8 139.9 193.9 194.0 194.6 188.7 188.4 189.1 194.5 194.7 195.2 CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS: Other goods and services .................................................. Tobacco products............................................................ Personal care................................................................... Toilet goods and personal care appliances.................... Personal care services.................................................. Personal and educational expenses................................. School books and supplies............................................ Personal and educational services................................. See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 121.0 115.3 106.7 94.6 112.6 122.2 122.2 122.2 122.2 119.8 89.7 118.5 143.0 118.3 108.8 129.8 133.8 118.5 108.7 91.4 115.4 143.4 118.4 109.0 129.9 133.9 118.3 108.2 92.1 114.8 143.7 118.5 109.1 130.2 134.0 138.5 152.5 160.2 148.6 176.7 157.5 157.8 144.3 129.3 135.2 121.3 118.7 108.9 91.8 115.6 143.6 118.2 108.7 129.5 134.3 130.2 127.6 124.1 127.5 128.8 124.9 143.9 148.6 133.3 130.8 126.8 132.6 130.1 126.3 143.6 148.8 135.0 132.7 128.8 135.1 130.6 127.1 144.3 149.3 134.5 132.1 128.8 134.3 131.9 126.0 142.7 149.7 131.4 128.7 127.1 129.1 130.7 125.1 138.9 149.7 129.7 126.8 124.2 125.7 127.9 124.4 145.7 149.7 133.4 130.9 126.5 133.1 127.0 125.2 145.2 150.2 136.2 133.9 128.7 138.4 125.9 126.3 144.6 150.6 126.9 125.4 128.5 127.6 126.4 101.7 126.8 125.4 128.3 127.4 127.7 101.7 128.0 126.1 129.1 128.2 129.1 129.2 127.0 130.6 129.7 129.9 129.0 126.7 131.3 130.5 129.0 101.6 102.9 141.4 153.0 104.4 164.0 148.3 101.8 101.8 102.2 102.2 100.2 100.1 141.6 153.1 104.6 164.1 146.7 142.2 152.7 104.8 163.5 145.6 101.5 142.5 154.4 104.5 165.8 152.9 142.8 155.3 104.7 166.8 157.4 143.2 155.5 104.7 167.1 158.2 129.1 126.6 131.8 130.9 127.4 98.6 98.5 143.4 156.5 105.0 168.2 161.6 129.2 126.5 132.0 130.9 126.0 98.0 97.8 144.3 156.8 104.5 168.8 164.1 129.0 126.3 132.0 130.9 126.6 97.3 97.1 144.7 156.3 103.9 168.3 163.5 189.4 188.0 189.7 175.4 212.3 190.7 188.6 191.1 176.3 214.6 191.5 188.9 192.2 177.1 216.2 192.3 189.5 192.9 177.7 217.1 193.3 189.8 194.2 178.4 219.4 194.3 190.4 195.2 179.1 221.0 194.7 191.1 195.6 179.4 221.4 196.4 191.8 197.5 180.7 224.2 198.0 193.2 199.1 181.7 227.0 198.6 193.9 199.7 182.3 227.4 142.0 131.3 155.3 142.4 131.6 155.7 142.6 131.6 156.2 143.2 131.3 157.7 143.5 131.6 158.0 143.7 132.2 157.8 143.8 131.9 158.3 144.3 132.8 158.4 144.5 132.9 158.7 144.8 133.1 159.0 182.3 183.9 220.5 221.5 138.8 138.7 137.5 137.3 140.0 140.1 195.2 197.7 189.3 189.7 195.8 198.6 187.0 224.0 138.6 137.0 140.1 122.6 102.8 111.1 187.9 225.6 138.7 136.8 140.5 202.6 203.6 193.0 193.8 203.5 204.6 188.0 189.1 191.0 225.0 228.9 234.6 139.0 139.6 139.8 136.9 137.8 137.7 141.1 141.3 141.9 203.9 204.2 205.4 193.9 193.8 195.5 204.9 205.3 206.4 191.5 192.0 235.6 236.3 139.6 140.7 137.0 138.4 142.2 142.9 206.0 206.3 195.6 195.7 207.0 207.3 Monthly Labor Review M ay 1993 105 Current Labor Statistics: Price Data 31. Continued— Consumer Price Indexes for All Urban Consumers and for Urban Wage Earners and Clerical Workers- U S citv average, by expenditure category and commodity or service group y (1982-84 = 100, unless otherwise indicated) Series Annual average 1992 1993 1991 1992 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. All items ...................................................................................... Commodities............................................................................. Food and beverages............................................................... Commodities less food and beverages................................... Nondurables less food and beverages ................................. Apparel commodities......................................................... Nondurables less food, beverages, and apparel ................ Durables............................................................................... 136.2 126.6 136.8 120.4 123.5 126.4 124.8 116.0 140.3 129.1 138.7 123.2 126.5 129.4 127.9 118.6 139.3 128.4 138.8 122.1 125.0 131.2 124.8 117.9 139.5 128.8 138.8 122.5 125.6 131.1 125.7 118.2 139.7 129.1 138.3 123.4 126.9 130.9 127.9 118.4 140.2 129.2 138.3 123.5 127.0 128.4 129.2 118.5 140.5 129.C 138.1 123.3 126.6 126.5 129.6 118.6 140.9 129.3 138.8 123.4 126.8 127.6 129.3 118.5 141.C 129.9 139.C 124.1 128.C 130.8 129.6 118.5 141.8 130.3 139.2 124.8 128.8 132.7 129.7 119.2 142.C 130.5 139.1 125.1 128.8 132.1 130.1 120.0 141.£ 130.1 139.5 124.3 127.4 128.7 129.6 120.1 142.5 130.4 140 5 124 1 126.9 126 8 129.9 120.0 143 1 130 9 140 7 124 9 128.3 130 9 130 0 129 ft 120.0 120.2 Services.................................................................................... Rent of shelter (12/82 = 100)................................................. Household services less rent of’ shelter (12/82=100)............ Transportation services.......................................................... Medical care services.............................................................. Other services ........................................................................ 146.3 152.1 126.7 151.2 177.1 159.8 152.0 157.3 130.2 155.7 190.5 168.5 150.7 156.5 128.0 155.2 187.4 166.0 150.8 156.3 128.2 155.7 188.1 166.6 150.9 156.2 129.1 155.1 188.9 166.7 151.7 157.1 131.4 153.9 189.7 167.1 152.5 158.0 131.8 154.9 191.1 167.5 153.0 158.5 131.9 154.7 192.2 168.9 153.2 158.0 132.4 154.3 192.9 171.6 153.7 158.6 131.2 157.2 194.2 172.3 154.0 158.6 131.0 158.8 195.2 172.4 154.2 158.7 131.4 159.2 195.6 172.8 155 2 155 8 159 9 160 6 131.8 131 2 160.6 161 7 161 4 197.5 199 1 199 7 173.3 173.8 174.1 Special indexes: All items less food .................................................................. All items less shelter ............................................................... All items less homeowners’ costs (12/82 = 100)...................... All items less medical care...................................................... Commodities less food............................................................ Nondurables less food ............................................................ Nondurables less food and apparel ......................................... Nondurables............................................................................ Services less rent of’ shelter (12/82 = 100)............................. Services less medical care...................................................... Energy..................................................................................... All items less energy ............................................................... All items less food and energy ................................................ Commodities less food and energy......................................... Energy commodities ............................................................... Services less energy............................................................... 136.1 140.8 133.5 137.3 137.8 141.9 133.8 137.5 121.3 124.2 124.5 127.6 125.7 128.9 130.3 132.8 150.9 157.6 143.3 148.4 102.5 103.0 140.9 145.4 142.1 147.3 128.8 132.5 99.1 98.3 149.8 155.9 139.5 136.2 140.8 136.5 123.0 126.2 126.1 132.1 155.5 147.1 98.9 144.7 146.4 132.1 93.3 154.7 139.7 136.6 141.1 136.7 123.5 126.8 127.0 132.4 156.0 147.2 99.5 144.9 146.6 132.4 94.6 154.8 140.1 136.9 141.3 136.9 124.4 128.0 128.9 132.8 156.3 147.3 102.4 144.9 146.7 132.6 98.6 154.8 140.7 137.2 141.8 137.4 124.5 128.1 130.1 132.8 157.1 148.1 105.9 145.0 146.9 132.2 101.6 155.3 141.1 137.3 142.0 137.6 124.3 127.8 130.5 132.5 157.8 148.8 106.0 145.3 147.3 132.0 101.6 156.1 141.4 137.7 142.4 138.0 124.3 127.9 130.2 133.0 158.3 149.2 105.4 145.8 147.7 132.2 100.5 156.6 141.8 138.4 142.9 138.4 125.1 129.1 130.5 133.8 159.2 149.4 105.9 146.2 148.1 133.1 100.5 156.8 142.4 138.9 143.3 138.8 125.7 129.8 130.6 134.2 159.7 149.9 104.5 146.9 149.0 133.9 100.6 157.7 142.7 139.2 143.5 139.0 126.1 129.8 130.9 134.2 160.3 150.1 104.5 147.1 149.3 134.2 101.2 158.0 142.5 139.1 143.4 138.9 125.3 128.5 130.5 133.6 160.7 150.3 103.9 147.1 149.2 133.6 99.4 158.2 143.1 139 5 144.0 139.5 125.1 128.1 130.8 133.9 161.6 151.2 103.4 147.9 149.9 133.6 98.1 159.3 143.7 140 0 144 7 140 0 125.8 129 4 130 9 134 7 162 0 151.7 102.2 148 7 150 8 134 7 97 6 160.1 135 5 97 0 160.5 Purchasing power of the consumer dollar: 1982-84-$1.00....................................................................... 1967 = $1.00............................................................................ Mar. 144 2 126 4 130 9 162 6 152 1 102 5 151 4 73.4 24.5 71.3 23.8 71.8 24.0 71.7 23.9 71.6 23.9 71.3 23.8 71.2 23.8 71.0 23.7 70.8 23.6 70.5 23.5 70.4 23.5 70.5 23.5 70.1 23.4 69.9 23.3 69 7 23.3 134.3 399.9 138.2 411.5 137.0 408.1 137.3 408.9 137.6 409.9 138.1 411.4 138.4 412.1 138.8 413.3 139.1 414.5 139.6 415.8 139.8 416.5 139.8 416.3 140.3 417.8 140.7 419.2 141 1 420.4 136.5 138.3 138.4 138.5 137.9 137.9 137.8 138.5 138.9 136.0 137.5 137.7 137.7 137.1 137.1 136.9 137.7 138.1 135.5 136.4 137.0 136.9 135.8 135.6 135.3 136.5 136.9 145.6 151.3 149.6 150.5 150.6 151.4 152.2 152.9 152.5 132.7 130.8 130.6 130.2 130.1 130.2 130.2 130.7 131.6 124.8 128.2 127.5 127.1 126.6 127.4 127.9 128.9 129.5 155.6 154.8 160.9 161.4 154.4 151.5 149.2 153.4 154.6 127.2 128.8 128.9 128.5 128.8 129.1 128.6 129.0 129.0 129.2 132.8 132.6 132.6 132.6 133.1 133.5 133.5 133.4 131.5 129.7 129.7 129.5 130.4 130.1 129.9 129.3 129.8 114.4 114.6 115.7 114.8 114.9 115.4 114.2 114.4 114.6 137.0 140.0 139.6 139.4 139.8 139.9 139.6 140.6 140.3 137.8 140.6 139.9 140.1 140.3 140.5 140.7 140.8 141.1 142.6 147.0 146.6 147.1 147.3 147.4 147.5 147.3 147.7 138.8 138.8 138.0 138.0 136.7 136.6 152.6 152.5 131.4 131.8 129.8 129.2 152.8 153.3 129.1 128.2 133.3 132.8 129.7 128.4 114.5 112.8 140.7 140.5 141.2 141.4 148.0 147.8 139.1 138.3 137.0 153.0 132.1 128.9 155.3 128.2 131.9 128.3 112.7 141.0 141.6 147.7 140.1 139.4 138.5 153.1 133.4 129.2 159 7 129.4 132.9 130.1 114.0 142.0 141.8 148.3 140.2 139.4 138 5 154 6 133 1 128 4 158 1 130 3 133 1 130 6 115 6 142 5 142 1 148.8 140 5 139 7 13ft ft 131.2 135.0 142.5 147.2 136.9 141.3 142.9 146.5 175.0 185.3 136.9 141.5 137.1 141.8 126.7 130.2 127.8 129.9 133.4 136.8 119.8 120.4 114.9 117.5 106.1 107.5 94.4 90.6 112.1 114.3 138.4 143.1 115.2 116.9 106.5 107.8 129.4 130.2 129.0 133.7 135.9 136.0 148.5 148.5 142.0 141.6 147.7 148.2 184.5 178.6 142.9 143.2 143.2 143.5 131.3 131.3 130.1 130.8 138.7 138.8 118.8 120.1 118.2 118.0 108.1 107.7 91.3 91.9 114.8 114.3 144.0 144.3 117.3 117.5 107.8 107.9 130.4 130.9 135.4 135.6 136.1 148.7 141.4 148.2 176.9 143.5 143.8 132.0 129.8 139.0 118.0 118.4 108.4 91.7 115.1 144.2 117.2 107.7 130.0 135.9 136.7 137 0 149.6 150 2 142.8 143 9 148.5 148 7 185 0 191 4 144.2 144 5 144.4 144 8 131.9 132 3 130.0 131.2 138 8 139 0 118 7 120.9 118.9 118.2 108.7 106 9 92.2 92 3 115.4 113 3 144.9 145 9 117.2 117 6 107.7 107 9 130.5 131.3 135.7 136.2 CONSUMER PRICE INDEX FOR URBAN WAGE EARNERS AND CLERICAL WORKERS: All items ...................................................................................... All items (1967—100) .................................................................. Food and beverages ................................................................. Food....................................................................................... Food at home ...................................................................... Cereals and bakery products.............................................. Meats, poultry, fish, and eggs............................................. Dairy products.................................................................... Fruits and vegetables......................................................... Other foods at home.......................................................... Sugar and sweets............................................................ Fats and oils.................................................................... Nonalcoholic beverages................................................... Other prepared foods....................................................... Food away from home ......................................................... Alcoholic beverages................................................................ Housing ..................................................................................... Shelter .................................................................................... Renters’ costs (12/84=100)............................................... Rent, residential................................................................. Other renters' costs ........................................................... Homeowners' costs (12/84 = 100)........................................ Owners’ equivalent rent (12/84 = 100)................................ Household insurance (12/84=100).................................... Maintenance and repairs....................................................... Maintenance and repair services ........................................ Maintenance and repair commodities................................. Fuel and other utilities............................................................. Fuels .................................................................................... Fuel oil, coal, and bottled g a s ............................................ Gas (piped) and electricity ................................................. Other utilities and public services ......................................... Household furnishings and operations..................................... Housefurnishings.................................................................. Housekeeping supplies......................................................... Housekeeping services......................................................... See footnotes at end of table. 106 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 134.0 146.4 141.2 146.0 188.1 140.4 140.6 129.1 130.4 135.7 122.7 115.5 104.7 90.3 111.0 142.3 116.7 108.2 129.2 132.0 133.9 134.1 146.2 146.3 140.6 140.2 145.8 145.9 184.2 181.3 140.4 140.7 140.7 140.9 129.2 129.5 129.6 129.4 135.7 134.9 121.1 121.5 115.5 116.5 104.5 105.9 89.7 89.7 110.8 112.5 142.7 142.9 117.0 116.9 108.4 108.0 129.6 130.1 132.3 132.6 135.1 147.0 141.1 146.1 186.3 141.3 141.6 130.1 129.4 136.6 119.7 118.7 109.7 89.9 116.9 142.7 117.0 107.8 130.3 133.8 135.7 147.8 142.3 146.6 192.7 141.8 142.0 130.5 130.2 137.1 120.8 119.1 109.8 89.9 117.0 143.7 117.2 108.1 130.7 133.7 135.9 135.8 148.2 147.9 142.8 141.8 146.7 146.9 195.2 187.1 142.2 142.2 142.4 142.4 130.9 131.1 128.9 129.3 136.5 136.5 118.7 119.6 119.1 119.5 109.8 110.7 89.6 89.6 117.0 118.1 143.8 143.5 117.0 117.1 107.7 107.6 130.7 130.4 134.2 135.4 154 3 134 4 12ft 5 130 2 132 5 142 Q 149.0 137 4 150 5 14ft 7 132 5 119 2 10ft 0 114 6 147 0 117 5 10ft 1 130 0 136.3 31. Continued— Consumer Price Indexes for All Urban Consumers and for Urban Wage Earners and Clerical Workers: U.S. city average, by expenditure category and commodity or service group (1982-84=100, unless otherwise indicated) 1992 Annual Series 1993 1991 1992 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 127.4 125.2 123.1 126.0 131.3 121.4 133.7 142.2 130.7 128.3 125.6 128.9 131.6 125.4 140.4 147.6 132.1 129.9 126.5 132.0 129.3 125.4 140.8 146.4 132.1 129.9 126.8 131.5 133.3 125.9 139.5 146.5 131.8 129.6 126.5 130.8 132.6 126.5 140.2 146.5 129.8 127.3 125.1 126.6 131.8 125.6 141.2 148.2 128.1 125.5 123.3 123.8 130.2 124.8 142.5 148.1 129.5 127.0 123.5 127.0 130.8 125.3 141.7 148.2 132.1 129.8 125.9 131.1 132.8 126.5 141.5 148.5 133.8 131.5 128.0 133.4 133.5 127.5 142.1 148.9 133.4 131.1 128.2 132.7 134.6 126.6 141.0 149.3 130.4 127.8 126.4 127.6 133.1 125.6 137.3 149.2 128.4 125.8 123.8 123.8 130.8 124.7 143.7 149.1 132.0 129.5 126.1 130.5 129.6 125.8 144.3 149.7 134.8 132.5 127.7 136.5 128.3 126.5 143.7 150.2 123.1 121.7 126.2 125.1 118.1 99.6 99.4 136.4 146.4 103.5 156.6 146.6 125.8 124.4 129.6 128.1 123.6 99.0 99.0 141.8 149.9 104.2 160.9 150.0 123.2 121.6 129.4 127.9 115.9 93.4 93.2 140.8 149.2 104.6 159.8 151.8 124.1 122.4 129.5 127.9 118.1 95.1 94.9 141.1 149.5 104.1 160.3 152.8 125.5 124.1 129.5 128.1 120.9 99.5 99.6 141.4 149.5 104.2 160.3 150.3 126.5 125.3 129.4 127.9 123.5 102.9 103.1 141.7 149.5 104.0 160.3 145.0 126.7 125.4 129.0 127.5 125.3 102.7 102.9 141.9 149.7 103.8 160.7 147.3 126.5 125.3 128.9 127.3 126.9 101.6 101.7 142.1 149.6 104.1 160.5 146.2 126.5 125.4 128.7 127.2 128.2 101.6 101.8 142.8 149.1 104.2 159.8 145.2 127.5 126.1 129.6 128.0 129.7 101.5 101.5 143.2 150.8 104.0 162.0 151.4 128.5 127.0 130.9 129.5 130.5 102.0 102.1 143.5 151.6 104.1 163.1 154.9 128.2 126.6 131.7 130.1 129.7 99.9 99.9 143.9 151.9 104.0 163.5 155.5 128.0 126.3 132.1 130.6 128.0 98.4 98.2 144.1 152.8 104.4 164.5 158.0 128.0 126.1 132.4 130.5 126.6 97.7 97.6 145.0 153.0 103.8 164.9 160.8 127.8 125.9 132.4 130.5 127.2 97.1 96.9 145.4 152.4 103.2 164.3 160.6 Hospital and related services ................................................ 176.5 175.4 176.7 166.1 193.7 189.6 186.5 190.3 176.3 211.5 186.8 185.1 187.2 173.9 207.3 187.6 186.3 187.9 174.5 208.0 188.2 186.2 188.6 175.2 208.9 188.9 186.5 189.4 175.9 209.8 190.2 187.2 190.9 176.8 212.1 191.2 187.4 192.0 177.7 213.6 191.9 188.0 192.8 178.3 214.6 193.0 188.3 194.0 179.0 216.8 193.8 188.7 195.0 179.7 218.4 194.3 189.4 195.4 180.0 218.9 196.0 190.0 197.3 181.3 221.7 197.6 191.4 199.0 182.3 224.4 198.2 192.1 199.6 183.0 225.0 Entertainment commodities..................................................... Entertainment services............................................................ 136.9 128.0 150.4 140.8 130.7 155.7 139.7 130.0 154.2 140.5 130.8 155.0 140.5 130.6 155.2 140.5 130.8 155.0 141.0 131.3 155.4 141.2 131.2 156.0 141.6 130.9 157.5 141.9 131.1 157.9 142.2 131.7 157.6 142.2 131.5 158.1 142.7 132.3 158.0 142.8 132.3 158.4 143.1 132.5 158.6 Toilet goods and personal care appliances........................... Personal care services......................................................... Personal and educational expenses......................................... School books and supplies................................................... Personal and educational services........................................ 171.7 183.3 202.5 219.7 134.7 138.6 132.9 137.2 136.7 140.0 181.8 194.3 180.2 190.6 182.2 194.9 179.7 213.2 138.1 136.7 139.6 190.8 188.4 191.3 180.3 214.2 138.8 137.7 139.9 191.1 188.5 191.6 181.6 219.1 138.2 136.7 139.8 191.2 188.2 191.7 181.8 219.0 138.1 136.4 140.0 191.8 188.9 192.4 182.7 220.4 139.1 138.2 140.0 192.3 189.0 192.9 184.2 221.6 138.9 137.9 139.9 195.0 189.9 195.7 186.7 224.1 138.8 137.6 140.0 199.0 194.1 199.7 187.7 225.6 139.0 137.5 140.5 200.0 194.9 200.7 187.7 225.1 139.2 137.5 141.0 200.3 195.0 201.1 189.0 229.0 139.9 138.6 141.3 200.5 194.9 201.2 191.2 234.8 139.9 138.3 141.8 201.5 196.7 202.2 191.6 235.5 139.8 137.7 142.2 202.2 196.9 202.9 192.2 236.1 140.8 139.1 142.8 202.6 197.0 203.4 Commodities less food and beverages.................................... Nondurables less food and beverages ................................. Apparel commodities.......................................................... Nondurables less food, beverages, and apparel ................. Durables............................................................................... 134.3 126.2 136.5 119.8 123.2 125.2 125.1 114.1 138.2 128.7 138.3 122.7 126.2 128.3 128.1 116.8 137.0 127.7 138.4 121.1 124.4 129.9 124.6 115.6 137.3 128.1 138.5 121.7 125.1 129.9 125.6 116.1 137.6 128.6 137.9 122.8 126.7 129.6 128.2 116.4 138.1 128.8 137.9 123.1 126.9 127.3 129.7 116.8 138.4 128.6 137.8 123.0 126.6 125.5 130.0 116.9 138.8 129.0 138.5 123.2 126.9 127.0 129.7 117.0 139.1 129.6 138.9 123.9 127.9 129.8 130.0 117.2 139.6 130.0 138.8 124.5 128.6 131.5 130.1 117.9 139.8 130.2 138.8 124.9 128.7 131.1 130.5 118.6 139.8 129.8 139.1 124.1 127.3 127.8 129.9 118.7 140.3 130.0 140.1 123.8 126.8 125.8 130.2 118.5 140.7 130.4 140.2 124.4 128.0 129.5 130.2 118.4 141.1 130.9 140.5 125.0 128.8 132.5 130.0 118.5 Rent of shelter (12/84 = 100).................................................. Household services less rent of shelter (12/84=100)............. Transportation services........................................................... Medical care services.............................................................. Other services ........................................................................ 144.6 137.0 116.6 149.8 176.7 157.8 150.0 141.6 119.7 154.3 190.3 166.1 148.7 140.8 117.7 153.7 187.2 163.8 148.8 140.7 117.9 154.2 187.9 164.3 149.0 140.7 118.7 153.9 188.6 164.4 149.8 141.4 120.8 153.1 189.4 164.8 150.5 142.1 121.2 153.7 190.9 165.1 150.9 142.5 121.3 153.4 192.0 166.5 151.1 142.2 121.8 153.1 192.8 168.8 151.6 142.8 120.5 155.5 194.0 169.5 151.9 142.9 120.4 156.7 195.0 169.7 152.1 143.0 120.8 157.2 195.4 169.9 153.0 143.9 121.2 158.2 197.3 170.4 153.5 144.5 120.6 159.2 199.0 170.9 153.9 144.8 121.6 158.9 199.6 171.3 Services less rent of shelter (12/84=100).............................. Services less medical care...................................................... Energy..................................................................................... All items less energy ............................................................... All items less food and energy ................................................ Commodities less food and energy......................................... Energy commodities ............................................................... Services less energy................................................................ 133.8 132.3 126.7 132.2 120.7 124.2 125.9 130.1 135.3 141.7 102.2 138.9 139.6 127.3 99.4 148.2 138.2 135.9 130.3 135.7 123.7 127.4 129.0 132.5 141.0 146.5 102.6 143.2 144.7 131.2 98.5 154.0 136.7 137.1 134.6 135.0 129.2 129.5 134.6 134.8 122.1 122.7 125.6 126.3 125.9 126.9 131.6 132.0 139.2 139.6 145.3 145.3 98.4 99.1 142.4 142.6 143.7 143.9 130.5 130.9 93.4 94.9 152.9 153.0 138.6 138.9 136.0 136.4 130.5 130.9 135.9 136.2 124.0 124.1 127.8 128.0 130.8 130.5 132.4 132.9 141.3 141.7 146.9 147.3 105.6 105.0 143.1 143.6 144.7 145.1 130.8 131.3 101.9 100.8 154.2 154.7 139.3 137.0 131.3 136.6 124.8 129.0 130.8 133.6 142.4 147.5 105.5 144.0 145.5 132.1 100.8 154.8 139.8 137.4 131.7 137.0 125.4 129.6 130.9 133.9 142.7 147.9 104.2 144.6 146.4 132.9 100.9 155.7 140.1 140.0 137.7 137.6 131.9 131.8 137.2 137.2 125.8 125.0 129.7 128.4 131.2 130.7 134.0 133.4 143.2 143.5 148.1 148.4 104.2 103.5 144.9 144.9 146.7 146.6 133.2 132.7 101.4 99.5 156.1 156.3 Purchasing power of the consumer dollar: 1982-84=$1.00....................................................................... 1967=$1.00............................................................................ 74.5 25.0 72.4 24.3 71.9 24.1 71.6 24.0 Apparel and upkeep.................................................................. Apparel commodities............................................................... Men’s and boys’ apparel....................................................... Infants’ and toddlers’ apparel................................................ Other apparel commodities................................................... Apparel services...................................................................... Transportation ........................................................................... Private transportation............................................................... Other private transportation.................................................. Other private transportation commodities........................... Other private transportation services.................................. Public transportation................................................................ Medical care commodities....................................................... Other goods and services ......................................................... Tobacco products................................................................... Special indexes: All items less homeowners’ costs (12/84 = 100)...................... All items less medical care...................................................... Nondurables less food and apparel ......................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 73.0 24.5 72.9 24.5 137.6 138.2 135.5 135.9 129.8 130.3 135.2 135.6 123.8 124.1 127.8 128.0 129.1 130.5 132.5 132.7 139.9 140.7 145.5 146.3 102.1 105.7 142.7 142.8 144.1 144.3 131.2 130.9 98.9 102.0 153.1 153.5 72.7 24.4 72.4 24.3 72.3 24.3 72.1 24.2 | 71.5 24.0 71.5 24.0 140.3 140.9 141.3 137.9 138.4 138.8 132.2 132.6 133.1 137.6 138.0 138.4 124.7 125.4 125.9 128.0 129.1 129.9 131.0 131.1 130.9 133.7 134.3 134.9 144.3 144.6 145.0 149.2 149.5 149.9 102.8 101.7 101.9 145.6 146.2 146.7 147.2 148.0 148.5 132.6 133.5 134.3 98.1 97.5 97.0 157.2 158.0 158.3 71.3 23.9 71.1 23.9 Monthly Labor Review May 1993 70.9 23.8 107 Current Labor Statistics: 32. Price Data Consumer Price Index: U.S. city average and available local area data: all items (1982-84 = 100, unless otherwise indicated) Area1 All Urban Consumers Pricing sche dule2 Mar. U.S. city average................. Urban Wage Earners 1392 1993 1992 1993 Apr. Nov. Dec. Jan. Feb. Mar. Mar. Apr. Nov. Dec. Jan. Feb. Mar. 139.5 142.C 141.9 142.6 143.1 143.6 137.0 137.: 139.8 139.8 140.3 140.7 141.1 M 146.2 146.3 149.0 148.9 149.7 150.4 150.9 144.1 144.2 147.1 146.9 147.6 148.2 148.7 M 146.8 146.8 149.6 149.4 150.3 150.9 151.6 143.6 143.6 146.7 146.6 147.3 147.8 148.4 M 139.3 Region and area size 3 Northeast urban................... Size A - More than 1,200,000 .......................... Size B - 500,000 to 1,200,000 ........................... Size C - 50,000 to 500,000 .............................. North Central urban .............. Size A - More than 1,200,000 ........................... Size B - 360,000 to 1,200,000 ........................... Size C - 50,000 to 360,000 .............................. Size D - Nonmetropolitan (less than 50,0000 ...................... South urban........................... Size A - More than 1,200,000 ........................... Size B - 450,000 to 1,200,000 ........................... Size G - 50,000 to 450,000 .............................. Size D - Nonmetropolitan (less than 50,000) ....................... West urban........................... Size A - More than 1,250,000 ........................... Size C - 50,000 to 330,000 .............................. Size classes: A (12/86 = 100)................... B ......................................... C ........................................ D ........................................ M 145.7 145.8 148.3 147.6 148.0 148.9 149.3 143.8 144.1 146.4 145.7 146.2 147.0 147.3 M 144.2 M 134.8 144.3 135.1 146.9 137.6 147.2 137.7 148.5 138.1 149.1 138.6 149.1 139.0 146.2 132.2 146.3 132.6 148.8 135.0 149.0 135.1 150.2 135.4 150.7 135.8 150 7 136.2 M 136.0 136.3 138.5 138.9 139.1 139.6 140.1 132.5 132.8 135.2 135.5 135.6 136.1 136.5 M 133.4 133.8 136.1 136.3 137.3 137.3 137.3 130.6 131.0 133.1 133.1 134.1 134.0 134.1 M 136.2 136.4 139.4 139.2 139.3 140.1 140.4 134.3 134.5 137.3 137.1 137.2 138.0 138.2 M 130.0 M 135.5 130.3 135.9 133.4 138.1 132.8 137.9 133.0 138.4 133.6 139.1 134.7 139.7 129.3 134.2 129.7 134.5 132.7 136.9 132.2 136.8 132.3 137.2 132.7 137.6 133 8 138.3 M 136.0 136.1 138.3 138.0 138.9 139.8 140.4 134.4 134.6 136.8 136.6 137.2 138.0 138.5 M 137.0 137.4 139.7 139.8 139.9 140.3 141.6 133.8 134.2 136.8 136.8 136.8 136.9 138.2 M 134.6 135.1 137.3 137.2 137.8 138.1 138.6 134.5 134.9 137.5 137.4 137.9 138.1 138.5 M 133.6 M ' 141.1 134.1 141.3 136.0 143.9 136.4 143.9 136.4 144.7 136.7 145.2 137.0 145.2 133.7 138.7 134.2 139.0 136.4 141.6 136.7 141.5 136.6 142.2 136.8 142.7 137 0 142.7 M 143.0 143.2 145.7 145.8 146.7 147.2 147.2 139.0 139.3 141.8 141.8 142.6 143.1 143.0 M 138.3 138.7 142.2 142.1 142.7 143.1 143.8 136.8 137.1 140.4 140.2 140.8 141.3 141.8 M M M M 126.8 138.8 137.7 134.8 129.0 141.2 140.4 137.1 129.0 141.1 140.4 137.1 129.7 141.5 140.9 137.3 130.3 141.9 141.5 137.7 130.6 142.5 141.8 138.3 125.8 136.3 137.0 134.0 126.0 136.7 137.3 134.3 128.4 139.0 140.1 136.9 128.3 138.9 140.0 136.8 128.8 139.3 140.5 137.0 129.3 139.5 141.0 137.3 129 7 140 1 141 3 137.8 138.9 139.1 139.5 126.7 138.5 137.4 134.4 Selected local areas Chicago, IL-Northwestern IN ... Los Angeles-Long Beach, Anaheim, CA........... New York, NYNortheastern N J.................. Philadelphia, PA-NJ............... San FranciscoOakland, CA......................... M 139.7 139.8 142.4 142.9 143.2 143.6 144.1 135.2 135.4 138.2 138.5 M 145.5 145.8 148.2 148.2 149.2 150.0 149.8 141.0 141.3 143.5 143.5 144.4 145.0 144.8 M 149.1 M 145.4 149.2 145.4 152.2 147.5 151.9 147.5 153.0 147.5 153.6 148.5 154.1 149.3 145.8 145.0 145.9 145.1 149.2 147.6 149.1 147.4 149.9 147.4 150.3 148.6 150 7 149.0 M 141.9 141.6 144.2 144.3 145.1 145.5 145.7 139.9 139.6 142.3 142.3 143.0 143.5 143.8 - 141.1 150.2 137.1 135.9 136.0 146.9 - 142.0 151.8 137.5 137.8 135.9 147.8 _ 140.6 149.8 130.8 134.2 135.6 145.1 _ _ _ _ 141.3 151.0 130.8 135.9 135.4 145.6 - 141 8 153 8 131 8 137 1 135 5 146.2 _ _ 134.1 133.1 129.2 131.4 - 134 8 134.4 131.3 133.2 - Baltimore, MD....................... Boston, MA .......................... Cleveland, OH....................... Miami, FL.............................. St. Louis, MO-IL.................... Washington, DC-MD-VA ........ 1 1 1 1 1 1 138.7 147.9 136.3 134.5 132.6 143.0 Dallas-Ft. Worth, TX.............. Detroit, Ml............................. Houston, TX .......................... Pittsburgh, PA ....................... 2 2 2 2 - - 132.5 135.3 128.7 135.1 - - 134.6 137.1 129.3 137.3 ' 1 Area is the Consolidated Metropolitan Statistical Area (CMSA), ex clusive of farms and military. Area definitions are those established by the Office of Management and Budget in 1983, except for BostonLawrence-Salem, MA-NH Area (excludes Monroe County); and Milwau kee, Wl Area (includes only the Milwaukee MSA). Definitions do not in clude revisions made since 1983. 2 Foods, fuels, and several other items priced every month in all areas; most other goods and services priced as indicated:. M - Every month. 1 - January, March, May, July, September, and November. 2 - February, April, June, August, October, and December. 108 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis _ - “ - 135.4 138.3 131.7 139.2 142.6 153.9 138.8 139.2 136.1 148.5 137.9 147.2 129.7 132.3 132.0 141.3 _ _ - - - - - - _ _ _ _ 131.5 131.7 128.4 129.4 - - 3 Regions are defined as the four Census regions. - Data not available. NOTE: Local area CPI indexes are byproducts of the national CPI program. Because each local index is a small subset of the national in dex, it has a smaller sample size and is, therefore, subject to substan tially more sampling and other measurement error than the national in dex. As a result, local area indexes show greater volatility than the na tional index, although their long-term trends are quite similar. Therefore, the Bureau of Labor Statistics strongly urges users to consider adopting the national average CPI for use in escalator clauses. 33. Annual data: Consumer Price Index, U.S. city average, all items and major groups (1982-84 = 100) Series Consumer Price Index for All Urban Consumers: All items: Food and beverages: Percent change.................... ...................................... Housing: Index.......................................................................... Percent change.......................................................... Apparel and upkeep: Index.......................................................................... Percent change.......................................................... Transportation: Index.......................................................................... Percent change..... ..................................................... Medical care: Index.......................................................................... Percent change.......................................................... Entertainment: Index.......................................................................... Other goods and services: Consumer Price Index for Urban Wage Earners and Clerical Workers: All items: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1984 1985 1986 1987 1988 1989 1990 1991 1992 103.9 4.3 107.6 3.6 109.6 1.9 113.6 3.6 118.3 4.1 124.0 4.8 130.7 5.4 136.2 4.2 140.3 3.0 103.2 3.7 105.6 2.3 109.1 3.3 113.5 4.0 118.2 4.1 124.9 5.7 132.1 5.8 136.8 3.6 138.7 1.4 103.6 4.1 107.7 4.0 110.9 3.0 114.2 3.0 118.5 3.8 123.0 3.8 128.5 4.5 133.6 4.0 137.5 2.9 102.1 1.9 105.0 2.8 105.9 .9 110.6 4.4 115.4 4.3 118.6 2.8 124.1 4.6 128.7 3.7 131.9 2.5 103.7 4.4 106.4 2.6 102.3 -3.9 105.4 3.0 108.7 3.1 114.1 5.0 120.5 5.6 123.8 2.7 126.5 2.2 106.8 6.2 113.5 6.3 122.0 7.5 130.1 6.6 138.6 6.5 149.3 7.7 162.8 9.0 177.0 8.7 190.1 7.4 103.8 3.7 107.9 3.9 111.6 3.4 115.3 3.3 120.3 4.3 126.5 5.2 132.4 4.7 138.4 4.5 142.3 2.8 107.9 6.7 114.5 6.1 121.4 6.0 128.5 5.8 137.0 6.6 147.7 7.8 159.0 7.7 171.6 7.9 183.3 6.8 103.3 3.5 106.9 3.5 108.6 1.6 112.5 3.6 117.0 4.0 122.6 4.8 129.0 5.2 134.3 4.1 138.2 2.9 Monthly Labor Review May 1993 109 Current Labor Statistics: 34. Price Data Producer Price Indexes, by stage of processing (1982 = 100) Annual average 1992 1993 Grouping 1991 1992 Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Finished consumer goods ....................... Finished consumer foods...................... Finished consumer goods excluding foods .................................................. Nondurable goods less food .............. Durable goods ................................... Capital equipment................................... 121.7 120.5 124.1 123.2 121.7 123.2 122.4 120.7 122.8 123.2 121.7 123.1 123.9 122.6 123.1 123.7 122.4 122.8 123.6 122.2 123.4 123.3 122.2 123.3 124.4 122.9 123.8 124.0 122.4 123.4 123.8 122.1 124.1 124.0 122.3 123.8 124 3 122 6 124.0 124.6 118.7 115.0 123.9 126.7 120.8 117.3 125.7 129.1 119.6 115.7 125.6 129.1 120.9 117.5 125.6 129.0 122.1 119.5 125.2 128.9 122.0 119.2 125.4 128.8 121.5 118.6 125.1 128.9 121.4 119.3 123.4 128.1 122.3 118.9 127.1 130.2 121.7 118.1 127.1 130.2 121.1 117.2 127.0 130.1 121.4 117 7 127.1 130.4 121 8 118 0 127.6 130.9 127 5 130.9 Intermediate materials, supplies, and com ponents.................................................... 114.4 114.7 113.8 114.5 115.4 Materials and components for manufacturing ........................................ Materials for food manufacturing........... Materials for nondurable manufacturing . Materials for durable manufacturing...... Components for manufacturing............. 115.5 115.5 115.8 115.4 115.0 114.9 115.3 115.5 115.9 118.1 115.3 116.7 117.2 121.0 117.9 113.9 115.4 117.2 121.9 117.6 113.6 114.8 117.2 121.8 117.9 114.8 115.0 117.3 122.0 118.2 115.5 115.6 117.6 121.9 118.3 114.8 115.8 117.9 122.0 118.3 114.0 115.9 118.2 122.0 118.4 114.5 116.1 118.1 122.1 118.1 112.9 116.0 117.1 122.2 118.0 112.8 116.0 116.7 122.2 117.9 113.3 115.5 117.1 122.1 1184 113.2 115.7 117.9 122.6 118 7 112 6 115 0 119 0 122.8 122.7 Materials and components for construction........................................... Processed fuels and lubricants................ Containers............................................... Supplies.................................................. 124.5 85.3 128.1 121.4 126.5 84.7 127.7 122.7 126.8 80.7 127.8 122.4 126.8 83.6 127.7 122.7 126.5 88.1 127.6 122.7 126.3 88.2 127.7 122.7 126.4 88.0 127.6 122.7 126.8 89.0 127.7 123.0 126.7 87.2 127.8 123.2 126.9 85.0 127.8 123.3 127.8 84.5 127.9 123.3 129.1 83.7 127.8 123.9 130 7 83 3 126.9 124.1 127 0 124.2 101.2 105.5 94.6 100.3 105.1 93.4 98.8 105.5 90.7 101.2 108.4 92.8 102.1 107.4 94.8 101.7 105.0 95.7 100.6 103.7 94.8 102.4 102.9 98.0 101.9 103.7 96.8 101.8 102.8 97.2 100.5 104.4 94.2 101.4 105.2 95.1 101 1 105 6 94.4 108 2 95.1 120.9 78.1 129.1 130.0 131.1 123.1 77.8 131.1 131.8 134.1 122.3 75.4 130.8 131.5 134.0 123.1 77.8 131.1 131.8 134.2 124.0 81.0 131.0 131.8 134.1 123.8 80.4 131.0 131.8 134.2 123.5 80.2 130.9 131.6 133.8 123.2 80.8 130.4 131.3 133.2 124.5 80.0 132.0 132.6 135.2 124.1 78.4 131.9 132.5 135.2 123.6 76.5 132.2 132.9 135.3 123.9 76.6 132.4 133.1 135.7 124.3 76.9 132.7 133 4 136.2 133.7 137.2 137.0 137.5 137.3 137.5 136.8 136.4 138.2 138.3 138.6 139.0 139.4 139.4 140.8 145.8 145.4 146.3 146.4 146.6 145.6 146.3 146.4 146.6 147.1 147.9 148.2 148.2 109 7 Finished goods ............................................. Crude materials for further processing ... Foodstuffs and feedstuffs ...................... Crude nonfood materials........................ 124 6 122 1 Special groupings: Finished goods, excluding foods ............. Finished energy goods............................ Finished goods less energy .................... Finished consumer goods less energy.... Finished goods less food and energy...... Finished consumer goods less food and energy ............................................ Consumer nondurable goods less food and energy ............................................ 124 5 77 6 132 9 136.2 Intermediate materials less foods and feeds ..................................................... Intermediate foods and feeds.................. Intermediate energy goods...................... Intermediate goods less energy .............. Intermediate materials less foods and energy................................................... 114.6 111.1 85.1 120.8 114.9 110.7 84.5 121.3 114.0 110.4 80.6 121.1 114.7 111.5 83.4 121.3 115.6 112.3 87.8 121.4 115.7 111.2 88.0 121.4 115.8 110.3 87.8 121.5 116.1 111.0 88.7 121.7 115.7 109.7 87.0 121.5 115.2 109.6 84.9 121.5 115.2 110.7 84.3 121.6 115.5 110.8 83.6 122.2 115 9 109.7 83 2 122.6 123.0 121.4 121.9 121.8 121.9 122.0 122.1 122.2 122.4 122.3 122.3 122.3 122.9 123.5 123.8 Crude energy materials........................... Crude materials less energy.................... Crude nonfood materials less energy...... 80.4 110.9 128.2 78.7 110.7 128.4 75.0 111.2 129.1 77.4 113.5 129.7 80.1 112.6 129.2 81.0 111.1 130.0 79.7 110.3 130.8 83.8 109.7 130.4 82.9 109.7 128.2 83.8 108.7 127.1 79.2 110.6 129.6 79.2 112.3 133.9 77 2 113 5 137.3 77 8 35. 138.4 Producer Price indexes, by durability of product (1982 = 100) Annual average Grouping 1991 1992 Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Total durable goods.... Total nondurable goods 122.9 111.7 124.3 111.9 124.3 124.4 110.6 124.3 113.1 124.4 112.7 124.1 113.5 125.0 113.1 124.8 112.0 124.3 113.3 125.0 112.6 112.2 125.5 112.5 126.1 112.5 126.3 113.1 Total manufactures Durable.............. Nondurable ........ 119.0 122.7 115.2 120.1 119.7 124.2 115.1 120.3 124.2 116.3 120.6 124.3 115.8 124.2 117.0 120.5 124.2 116.7 120.4 124.3 116.4 120.4 124.0 116.8 120.9 125.0 116.8 120.8 124.9 116.6 120.5 125.0 116.0 120.9 125.4 116.4 121.4 126.0 116.9 126.3 117.3 Total raw or slightly processed goods Durable........................................... Nondurable .................................... 104.4 132.2 103.0 103.7 128.0 102.5 101.2 103.1 130.2 101.7 105.5 129.1 104.2 105.6 130.4 104.3 105.1 131.6 103.8 106.4 129.2 105.2 105.2 125.7 104.1 104.1 123.4 103.0 104.1 125.5 103.0 104.2 129.9 102.9 103.4 131.9 104.2 129.9 102.0 102.8 110 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 130.2 99.7 121.8 36. Producer price indexes for the net output of major industry groups (December 1984=100, unless otherwise indicated) 1992 Annual 1991 1992 Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 10 11 78.4 82.2 105.5 76.8 76.7 105.6 73.4 74.6 105.5 75.1 76.2 104.9 76.3 77.3 104.9 78.2 79.3 105.1 77.4 81.4 105.2 80.8 79.2 105.9 79.7 77.4 105.9 82.0 74.3 105.6 78.4 75.0 105.5 78.8 73.5 105.5 75.8 72.5 105.6 75.7 70.2 105.6 12 13 96.3 77.9 94.0 76.3 94.1 71.8 94.7 73.9 94.4 75.5 94.2 78.1 94.2 76.9 93.6 81.8 93.9 80.3 93.7 83.7 94.0 78.6 93.1 79.5 93.5 75.2 93.4 75.3 14 116.3 117.4 117.6 117.7 117.7 117.8 117.8 117.6 117.4 117.3 117.5 118.2 117.9 118.0 20 21 22 115.9 116.5 207.5 112.5 117.3 116.9 230.2 113.6 116.9 116.5 227.9 113.5 117.6 117.9 117.3 117.5 236.2 236.3 113.8 114.0 117.8 117.2 236.4 113.8 117.6 117.1 222.8 113.8 117.6 117.2 230.3 113.8 118.3 117.0 230.4 113.8 118.2 116.8 232.3 113.7 117.9 117.3 239.3 113.5 118.3 117.4 244.7 113.6 118.8 117.5 244.8 113.5 119.2 117.7 244.8 113.5 23 116.0 118.0 117.7 117.5 117.6 118.0 118.2 118.3 118.5 118.7 118.8 119.0 119.1 119.0 129.0 123.2 121.5 131.5 123.3 121.8 131.3 123.1 121.5 131.8 123.5 121.5 134.8 123.6 121.2 139.0 123.8 120.6 144.9 124.4 120.8 151.1 124.6 121.0 140.9 126.5 83.5 114.3 127.7 113.0 112.6 141.3 126.6 84.5 114.5 127.2 113.0 112.0 142.0 126.8 84.6 114.7 127.1 113.0 111.2 142.1 126.9 83.1 114.8 127.1 113.2 110.6 142.1 126.5 77.4 114.7 127.6 113.4 110.6 143.6 127.1 77.2 116.0 128.6 113.7 110.7 144.2 127.3 78.1 116.0 128.2 114.1 111.0 144.9 127.0 79.8 115.1 128.4 114.4 110.9 117.6 117.6 117.8 Total mining industries Metal mining............................................. Anthracite mining (12/85=100) ................ Bituminous coal and lignite mining (12/85-100)......................................... Oil and gas extraction (12/85=100)......... Mining and quarrying of nonmetallic minerals, except fuels............................ Total manufacturing industries Food and kindred products....................... Tobacco manufactures............................. Textile mill products................................. Apparel and other finished products made from fabrics and similar materials................................................. Lumber and wood products, except furniture.................................................. Furniture and fixtures................................ Paper and allied products ......................... Printing, publishing, and allied industries................................................ Chemicals and allied products.................. Petroleum refining and related products... Rubber and miscellaneous plastic products Leather and leather products ................... Stone, clay, glass, and concrete products .. Primary metal industries ........................... Fabricated metal products, except machinery and transportation equipment.............................................. Machinery, except electrical...................... Electrical and electronic machinery, equipment, and supplies......................... Transportation equipment......................... Measuring and controlling instruments; photographic, medical, optical goods; watches, clocks...................................... Miscellaneous manufacturing industries (12/85-100)......................................... 24 25 26 119.4 121.6 121.1 129.6 122.9 121.2 130.0 122.8 122.0 130.1 122.9 122.0 129.1 122.5 121.8 128.4 123.0 121.5 27 28 29 30 31 32 33 136.4 124.4 83.1 113.7 124.8 112.3 113.1 140.7 125.8 80.3 114.2 126.9 112.8 111.7 140.2 125.1 77.2 113.8 126.3 112.4 112.0 140.6 125.5 81.9 114.0 126.8 112.5 111.9 140.4 126.0 85.7 114.1 127.4 112.6 112.2 140.7 126.5 84.2 114.3 126.8 112.7 112.5 34 116.6 117.2 117.2 117.2 117.1 117.2 117.3 117.3 117.5 117.5 117.6 116.7 116.5 116.6 116.6 116.5 116.6 116.6 35 116.4 116.7 116.9 116.9 116.9 117.1 116.9 36 37 110.1 119.8 110.8 123.0 111.0 122.8 110.8 122.7 110.8 122.6 110.8 122.7 110.8 122.3 110.8 120.5 110.9 124.8 111.0 124.8 111.0 124.6 111.2 124.9 111.6 125.5 111.6 125.6 38 116.8 118.6 117.9 118.3 118.5 118.6 118.8 118.9 119.4 119.7 119.5 119.9 120.6 120.7 39 117.5 119.4 119.2 119.4 119.5 119.6 119.8 120.1 120.3 120.0 120.0 120.7 120.7 120.7 46 96.1 96.4 96.3 96.4 96.5 96.6 96.6 96.6 96.5 96.5 96.5 96.5 96.5 96.5 Service industries: Pipelines, except natural gas (12/86=100) 37. 1993 SIC Industry Annua! data: Producer Price Indexes, by stage of processing (1982 = 100) Index Finished goods: Consumer goods .......................................... Capital equipment ......................................... Intermediate materials, supplies, and components: Total ................................................................ Materials and components for manufacturing.............................................. Materials and components for construction .... Processed fuels and lubricants ..................... Containers.................................................... Supplies........................................................ 1984 1985 1986 1987 1988 1989 1990 1991 1992 103.7 103.3 105.2 104.7 103.8 107.5 103.2 101.4 109.7 105.4 103.6 111.7 108.0 106.2 114.3 113.6 112.1 118.8 119.2 118.2 122.9 121.7 120.5 126.7 123.2 121.7 129.1 103.1 102.7 99.1 101.5 107.1 112.0 114.5 114.4 114.7 104.1 105.6 95.7 105.9 104.1 103.3 107.3 92.8 109.0 104.4 102.2 108.1 72.7 110.3 105.6 105.3 109.8 73.3 114.5 107.7 113.2 116.1 71.2 120.1 113.7 118.1 121.3 76.4 125.4 118.1 118.7 122.9 85.9 127.7 119.4 118.1 124.5 85.3 128.1 121.4 117.9 126.5 84.7 127.7 122.7 103.5 104.7 102.2 105.1 95.8 94.8 96.9 102.7 87.7 93.2 81.6 92.2 93.7 96.2 87.9 84.1 96.0 106.1 85.5 82.1 103.1 111.2 93.4 85.3 108.9 113.1 101.5 84.8 101.2 105.5 94.6 82.9 100.3 105.1 93.4 83.6 Crude materials for further processing: Foodstuffs and feedstuffs ............................. Nonfood materials except fuel ...................... Fuel .............................................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 111 Current Labor Statistics: 38. Price Data U.S. export price indexes by Standard International Trade Classification (1985 = 100, unless otherwise indicated) Category 1974 SITC Beverages and to b a c c o ................................................................................... Tobacco and tobacco products............................................................. Crude m aterials................................................................................................... Raw hides and skins............................................................................. Oilseeds............................................................................................... Crude rubber........................................................................................ Wood.................................................................................................... Pulp and waste paper........................................................................... Textile fibers......................................................................................... Crude minerals...................................................................................... Metal ores and metal scrap.................................................................. Fuels and related products ............................................................................. Coal and coke ...................................................................................... Crude petroleum and petroleum products............................................. Fats and o ils ......................................................................................................... Animal oils and fa ts.............................................................................. Fixed vegetable oils and fats................................................................ Chemicals and related p ro d u c ts .................................................................... Organic chemicals................................................................................ Dyeing, tanning, and coloring materials................................................. Medicinal and pharmaceutical products (12/85 = 100) .......................... Essential oils, polish, and cleaning preparations................................... Fertilizers, manufactured ...................................................................... Artificial resins, plastics and cellulose................................................... Chemical materials and products, n.e.s.................................................. Intermediate manufactured p ro d u c ts ........................................................... Leather and furskins............................................................................. Rubber manufactures ........................................................................... Paper and paperboard products ........................................................... Textiles................................................................................................. Non-metallic mineral manufactures (9/85—100)................................... Iron and steel....................................................................................... Nonferrous metals................................................................................ Metal manufactures, n.e.s...................................................................... Machinery and transport equipment, excluding military and commercial a irc ra ft...................................................................................... Power generating machinery and equipment......................................... Machinery specialized for particular industries....................................... Metalworking machinery....................................................................... General industrial machines and parts, n.e.s.......................................... Office machines and automatic data processing equipment .................. Telecommunications, sound recording and reproducing equipment....... Electrical machinery and equipment...................................................... Road vehicles and parts ...................................................................... Other transport equipment, excluding military and commercial aviation.............................................................................................. Miscellaneous manufactured articles............................................................ 1991 1992 Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. 113.3 114.3 114.9 115.1 114.7 114.2 114.4 114.9 115.3 115.3 115.0 0 01 03 04 05 08 09 108.8 123.7 126.9 101.8 115.2 118.4 110.2 102.2 124.3 129.9 90.5 111.5 120.2 110.0 99.1 128.7 127.5 84.3 110.7 124.9 111.4 102.4 129.3 126.8 86.9 128.5 125.6 110.1 105.1 128.0 122.1 90.8 137.2 121.2 110.8 104.1 129.6 113.5 90.8 127.8 127.6 110.0 106.6 125.9 121.7 96.3 118.2 128.5 110.2 110.7 131.7 131.6 102.6 119.8 123.6 109.5 107.3 133.3 126.5 98.2 113.0 123.9 110.5 104.9 131.4 123.5 92.8 113.8 127.3 111.3 104.3 134.0 116.9 92.0 116.6 125.9 111.6 1 12 124.5 124.9 125.6 126.0 129.0 129.2 131.9 132.1 132.6 132.8 133.4 133.4 135.8 135.9 136.6 136.6 137.6 137.7 138.8 139.0 140.1 140.3 2 21 22 23 24 25 26 27 28 137.3 162.0 110.4 115.5 179.2 174.3 124.5 99.7 142.6 137.8 150.0 117.4 116.4 173.9 168.0 122.2 100.0 150.7 134.5 142.3 117.2 119.4 168.5 167.1 121.5 100.1 139.4 134.3 129.5 118.0 122.7 171.4 162.3 126.8 101.0 137.7 130.3 125.6 112.9 120.3 171.9 150.8 129.7 100.7 127.2 125.3 110.4 111.1 122.8 174.1 137.3 118.4 98.2 124.4 122.4 123.7 106.3 120.8 173.7 136.6 108.0 98.4 117.5 124.3 121.4 108.2 118.7 184.8 138.3 103.2 99.3 122.5 127.6 124.5 111.8 117.7 193.4 143.7 104.3 99.3 121.5 128.4 127.5 104.7 119.6 210.5 146.5 99.7 99.1 122.5 127.7 133.7 104.8 119.5 219.5 137.5 99.1 95.3 117.1 3 32 33 88.7 97.5 108.7 103.3 97.9 146.0 106.5 98.0 149.8 91.2 97.7 112.1 87.5 96.1 103.7 87.4 96.1 103.9 88.4 96.2 106.0 80.8 95.1 89.6 84.2 94.3 100.0 85.3 93.7 103.2 84.2 94.3 99.4 4 41 42 94.6 84.0 101.7 90.8 76.6 100.4 92.9 89.6 94.3 89.6 82.8 93.9 86.2 80.4 89.5 86.8 84.4 87.2 84.3 82.7 83.9 84.1 82.1 83.9 87.1 86.1 86.2 87.5 95.0 79.5 90.8 97.1 84.1 5 51 53 54 55 56 57 58 115.5 118.6 119.7 110.0 126.8 102.8 115.8 113.7 119.1 125.6 120.6 110.2 127.1 107.5 121.4 115.8 124.0 132.7 125.5 110.9 127.5 114.5 131.2 118.4 122.6 127.3 127.7 110.6 127.7 116.2 126.7 120.7 118.1 118.2 128.8 110.8 127.9 111.0 117.6 119.1 116.2 111.9 129.7 112.6 128.7 108.0 116.4 117.9 115.3 111.9 128.5 112.8 128.3 98.8 116.5 117.7 115.1 111.8 129.3 114.0 130.4 99.0 114.4 118.5 115.4 114.4 129.4 114.7 131.2 94.8 114.9 118.6 115.1 116.1 132.0 114.7 129.9 89.9 115.4 119.1 113.5 112.7 133.2 114.9 129.8 88.1 114.1 119.2 6 61 62 64 65 66 67 68 69 123.0 126.0 114.4 130.3 118.3 126.9 117.4 132.6 117.1 123.6 125.0 115.6 131.1 118.4 126.8 117.1 135.9 117.4 123.4 122.8 118.4 131.4 119.5 128.1 117.8 129.5 118.3 123.7 122.2 120.5 130.8 122.2 128.9 118.9 123.4 119.9 123.3 118.1 121.5 130.2 123.7 128.9 119.1 116.5 120.5 122.9 115.9 121.8 129.1 123.1 129.0 119.2 115.7 120.8 122.9 115.3 122.3 129.4 123.5 130.1 119.2 112.6 121.3 123.5 113.7 122.1 129.1 125.3 130.4 118.4 114.8 121.5 124.0 112.7 122.1 128.8 125.5 131.8 119.2 116.3 121.6 124.5 114.5 122.9 128.1 125.9 132.0 119.7 116.4 122.4 124.3 113.8 123.3 127.5 126.3 132.3 120.0 112.6 123.4 7 71 72 73 74 75 76 77 78 110.1 117.2 113.2 121.1 118.2 94.6 111.2 107.5 111.0 110.5 117.6 114.2 121.2 119.0 94.5 111.8 107.2 111.5 111.1 118.5 115.7 124.2 119.6 93.3 112.4 107.5 112.8 112.8 121.5 116.8 126.7 122.2 93.5 115.1 107.6 113.7 113.5 123.0 117.8 129.4 122.9 92.7 118.2 108.2 114.1 114.0 123.9 117.9 129.7 123.8 91.6 119.9 110.1 114.4 114.3 124.6 118.5 130.3 123.8 90.6 121.0 110.9 115.2 114.8 126.4 119.5 131.9 125.6 90.0 119.4 112.2 115.3 115.2 128.7 120.4 132.6 125.8 89.2 120.4 111.4 115.9 115.4 128.5 121.0 132.6 126.3 88.5 120.8 111.9 116.1 115.4 128.9 121.8 132.4 127.0 87.0 120.7 111.5 116.7 79 121.3 122.5 124.2 133.5 136.5 137.0 137.0 135.6 137.3 138.6 139.1 8 82 116.4 122.2 118.1 122.0 120.0 124.4 121.4 126.6 122.4 127.5 122.8 127.6 123.5 127.3 124.3 128.6 124.8 128.2 125.0 127.7 125.1 128.2 ALL COMMODITIES ............................................................................................ Meat and meat preparations................................................................. Fish and crustaceans............................................................................ Grain and grain preparations................................................................. Vegetables and fruit.............................................................................. Animal feeds, excluding unmilled cereals.............................................. Miscellaneous food products................................................................ 1990 June Furniture and parts............................................................................... Professional, scientific, and controlling instruments and apparatus........................................................................................... Photographic apparatus and supplies, optical goods, watches, and clocks................................................................................................ 87 124.8 127.6 130.4 131.9 133.7 134.0 135.2 136.6 137.2 137.0 137.3 88 97.6 99.1 101.6 102.0 101.8 101.6 102.6 102.5 101.5 102.3 102.9 Miscellaneous manufactured articles, n.e.s............................................. 89 112.6 113.3 114.1 116.1 116.3 117.0 116.8 117.3 118.4 119.0 118.7 112 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 39. U.S. import price indexes by Standard International Trade Classification (1985 = 100, unless otherwise indicated) Category 1974 SITO Meat and meat preparations............................................................... Dairy products and eggs .................................................................... Fish and crustaceans......................................................................... Bakery goods, pasta products, grain, and grain preparations.............. Fruits and vegetables......................................................................... Sugar, sugar preparations, and honey................................................. Coffee, tea, cocoa.............................................................................. Beverages and to b a c c o .................................................................................... Beverages.......................................................................................... Crude m a te ria ls ................................................................................................... Crude rubber (including synthetic and reclaimed)................................ Cork and wood .................................................................................. Pulp and waste paper........................................................................ Textile fibers....................................................................................... Crude fertilizers and crude minerals ................................................... Metalliferous ores and metal scrap..................................................... Crude animal and vegetable materials, n.e.s........................................ Fuels and related p ro d u cts............................................................................ Crude petroleum and petroleum products............................................ Fats and o ils ......................................................................................................... Fixed vegetable oils and fats (9/87—100) ......................................... Chemicals and related p ro d u c ts .................................................................... Organic chemicals.............................................................................. Inorganic chemicals............................................................................ Medicinal and pharmaceutical products.............................................. Essential oils and perfumes............................................................... Manufactured fertilizers....................................................................... Artificial resins and plastics and cellulose .......................................... Chemical materials and products, n.e.s............................................... Intermediate manufactured products ........................................................... Leather and furskins .......................................................................... Rubber manufactures, n.e.s................................................................. Cork and wood manufactures............................................................. Paper and paperboard products......................................................... Textiles.............................................................................................. Nonmetallic mineral manufactures, n.e.s.............................................. Iron and steel..................................................................................... Nonferrous metals.............................................................................. Metal manufactures............................................................................ Machinery and transport equipment ........................................................... Machinery (including SITC 71-77) ....................................................... Machinery specialized for particular industries.................................... Metalworking machinery..................................................................... General industrial machinery and parts, n.e.s....................................... Office machines and automatic data processing equipment................ Telecommunications, sound recording and reproducing apparatus..... Electrical machinery and equipment................................................... Road vehicles and parts..................................................................... Miscellaneous manufactured articles............................................................ Plumbing, heating, and lighting fixtures............................................... Furniture and parts............................................................................. Travel goods, handbags, and similar goods (6/85=100) ................... Clothing.............................................................................................. Footwear............................................................................................ Professional, scientific, and controlling instruments and apparatus........................................................................................ Photographic apparatus and supplies, optical goods, watches, and clocks............................................................................................... Miscellaneous manufactured articles, n.e.s.......................................... 1991 1992 Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. 128.8 132.6 124.5 133.5 122.4 131.7 122.3 131.3 123.5 132.9 123.1 133.7 124.3 133.4 125.7 135.0 123.8 133.7 0 01 02 03 04 05 06 07 116.2 138.9 137.7 137.3 158.8 131.1 118.4 65.7 116.2 139.4 133.5 141.9 157.6 127.8 114.0 65.8 116.1 144.1 131.6 140.4 148.2 132.4 113.2 62.1 114.8 137.8 132.1 139.1 147.7 133.0 113.4 61.7 116.1 133.7 133.8 139.3 154.5 138.5 113.4 61.9 118.3 132.3 133.7 140.7 153.3 156.0 113.2 56.6 111.0 129.5 133.6 140.7 152.6 130.1 111.6 51.5 111.8 128.6 138.8 143.0 162.2 129.6 112.1 51.3 111.8 126.3 131.9 139.3 154.9 126.7 108.6 60.4 1 11 132.9 133.8 140.5 142.2 142.5 143.8 142.3 143.1 144.0 144.8 145.4 146.1 145.9 146.8 147.4 148.7 145.5 146.3 2 23 24 25 26 27 28 29 123.9 101.8 106.4 166.0 113.7 98.8 153.6 114.9 123.0 103.5 108.5 152.6 105.6 99.6 153.5 120.8 123.9 101.1 121.0 141.1 108.7 98.8 149.2 117.1 119.2 99.8 114.9 126.8 107.7 94.6 149.6 116.1 118.8 99.5 117.3 123.6 123.3 101.7 130.0 127.6 123.8 103.6 131.3 132.7 125.9 105.3 133.0 138.6 125.2 106.0 136.5 131.9 89.8 148.5 120.3 87.9 148.1 121.9 87.1 145.3 121.1 87.3 147.1 122.9 83.1 144.5 128.0 3 33 108.2 111.0 76.6 77.3 72.5 73.5 74.1 75.3 73.7 74.5 66.2 67.0 75.5 77.0 76.0 77.2 71.5 72.1 4 42 95.9 97.5 97.9 99.4 97.3 98.2 103.8 106.1 120.6 124.8 131.6 137.0 128.5 133.6 122.3 127.1 119.3 123.4 5 51 52 54 55 56 58 59 123.2 121.0 89.0 158.0 137.3 136.8 133.4 139.4 122.9 117.7 89.8 157.3 135.4 143.5 136.0 138.6 120.9 114.0 88.6 154.5 135.3 143.0 135.9 136.1 120.3 111.1 86.8 157.3 139.2 142.4 135.3 136.5 120.7 112.2 83.9 163.4 138.1 138.6 134.0 139.3 121.4 112.1 84.4 165.0 141.4 135.6 134.7 145.3 122.1 111.9 83.2 165.7 143.0 139.7 137.2 150.1 122.9 111.5 82.9 170.4 143.4 137.1 136.9 156.1 122.5 109.2 87.7 170.0 143.2 134.4 136.3 153.1 6 61 62 63 64 65 66 67 68 69 136.4 146.6 117.1 142.6 122.5 130.5 162.3 126.2 142.3 137.7 137.0 146.3 116.7 140.6 125.1 132.7 165.2 125.8 139.7 138.8 134.7 142.5 116.5 141.8 122.0 131.3 165.5 125.4 129.3 137.7 133.5 139.6 116.1 143.5 119.8 133.3 165.7 124.2 124.2 136.9 133.8 140.8 117.3 144.2 119.2 135.4 167.2 124.6 120.5 138.9 134.4 140.9 118.3 150.4 115.5 136.2 167.7 123.8 125.4 140.0 134.9 135.9 _ 133.5 118.2 155.4 113.7 135.1 169.0 123.3 128.7 140.2 119.8 159.0 114.5 138.9 170.6 121.6 128.8 142.8 119.2 154.5 114.4 136.7 169.8 121.7 118.9 140.5 7 7hyb 72 73 74 75 76 77 78 134.5 133.0 171.7 156.9 163.5 116.1 110.6 130.8 134.9 136.0 133.6 174.4 158.1 165.0 115.0 109.4 132.6 137.5 133.9 130.6 166.0 152.5 159.0 112.7 108.7 130.2 136.3 134.0 130.1 165.6 152.6 159.2 111.4 108.0 129.5 137.1 136.0 132.1 170.3 156.9 163.7 111.7 108.5 131.5 139.0 136.4 132.4 171.9 157.3 164.1 112.0 108.1 131.2 139.3 136.4 132.5 172.0 157.6 164.2 110.8 108.0 132.2 139.0 138.0 134.7 180.7 161.5 169.1 111.2 108.1 133.5 139.9 136.9 132.6 174.0 159.4 166.0 110.3 108.5 131.4 140.2 8 81 82 83 84 85 135.9 145.8 142.6 121.0 121.6 142.6 136.1 140.7 142.8 117.7 121.5 142.8 134.2 140.2 140.3 114.0 120.7 140.3 134.5 140.1 139.9 111.1 121.3 139.9 136.6 141.9 140.9 112.2 122.0 140.9 138.1 143.4 141.7 112.1 123.2 141.7 138.4 145.2 142.6 111.9 124.3 142.6 140.8 147.4 144.8 111.5 124.0 144.8 139.1 145.7 141.4 109.2 123.9 141.4 ALL COMMODITIES ........................................................................................... ALL COMMODITIES, EXCLUDING FU E LS ................................................. Food and live anim als........................................................................................ 1990 - _ _ _ _ _ _ 87 158.2 160.1 152.5 151.9 156.2 156.2 155.9 165.3 160.7 88 89 138.6 143.5 139.0 143.5 134.7 142.8 135.1 143.1 138.4 146.8 139.3 149.5 138.4 148.5 143.3 151.5 141.1 150.0 - Data not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 113 Current Labor Statistics: 40. Price Data U.S. export price indexes by end-use category (1985 = 100 unless otherwise indicated) 1991 1990 1992 Category Mar. Dec. June Sept. Dec. Mar. June Sept. Dec. Foods, feeds, and beverages................................................................ Industrial supplies and materials........................................................... Capital goods................................................................................. ...... Automotive ........................................................................................... 101.4 123.5 111.8 113.4 104.3 119.9 113.7 114.3 105.7 116.6 114.6 114.9 104.7 114.3 115.1 115.1 105.9 113.6 115.3 116.0 109.7 112.6 115.9 116.5 107.6 114.0 116.3 116.9 104.1 115.5 116.4 117.2 103.7 114.3 116.3 117.8 Consumer goods.................................................................................. Consumer nondurables, manufactured, except rugs........................... Consumer durables, manufactured ..................................................... Agricultural (9/88=100) ..................................................................... 121.4 116.1 121.7 104.4 122.9 117.5 123.4 106.5 123.5 118.1 124.1 107.9 124.3 118.5 125.2 105.8 125.1 118.8 126.2 106.2 126.1 119.3 127.6 108.5 126.9 119.6 128.6 107.6 127.5 120.5 129.1 105.6 128.3 121.5 129.8 105.7 All exports, excluding agricultural (9/88=100)......................................... 116.9 116.7 116.0 115.6 115.8 115.9 116.6 117.1 116.7 41. U.S. import price indexes by end-use category (1985 = 100) 1991 1990 Category Mar. Dec. 1992 Sept. June Dec. Mar. June Sept. Dec. All imports, excluding petroleum (6/88=100) .......................................... 132.0 132.9 131.1 130.7 132.3 133.1 132.7 134.3 133.1 Foods, feeds, and beverages................................................................ Industrial supplies and materials........................................................... Petroleum and petroleum products, excluding natural g as................... Industrial supplies and materials, excluding petroleum........................ 116.3 118.7 110.9 125.3 117.4 103.8 77.2 125.6 117.6 100.7 73.2 123.2 116.9 100.3 75.0 120.9 119.0 99.9 74.3 120.8 121.4 96.9 66.7 121.6 115.2 101.6 76.5 122.0 115.4 102.2 76.9 122.8 114.6 99.2 71.6 121.5 Capital goods, except automotive.......................................................... Automotive vehicles, parts and engines................................................ 139.3 133.3 140.3 135.7 136.8 134.4 136.5 135.0 139.0 136.9 139.4 137.1 139.4 136.8 142.3 138.1 140.2 137.4 Consumer goods except automotive..................................................... Nondurables, manufactured................................................................ Durables, manufactured...................................................................... 135.5 135.2 132.9 135.6 135.2 132.5 134.5 134.1 131.4 134.9 134.9 131.4 136.7 136.4 133.6 138.1 137.9 134.9 138.5 138.9 135.0 140.3 141.3 136.0 139.5 139.8 135.5 42. U.S. export price indexes by Standard Industrial Classification 1 (1985 = 100) 1991 1990 1992 Industry group Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Manufacturing: Food and kindred products............................................. Lumber and wood products, except furniture................... Furniture and fixtures...................................................... Paper and allied products ............................................... Chemicals and allied products......................................... 115.3 162.5 122.1 128.9 125.5 113.9 165.5 124.1 126.5 124.6 112.1 167.4 124.4 123.9 120.1 110.3 169.1 124.4 119.4 118.2 113.5 168.7 124.8 118.9 117.2 114.5 179.1 126.4 119.8 117.3 114.2 186.4 126.5 121.5 117.4 115.6 201.5 126.3 122.7 117.1 115.7 209.9 126.6 118.2 115.2 Petroleum and coal products.......................................... Primary metal products................................................... Machinery, except electrical ........................................... Electrical machinery........................................................ Transportation equipment................................................ Scientific instruments; optical goods; clocks................... 118.5 119.7 107.5 109.0 118.5 126.5 88.3 115.5 108.9 110.0 121.9 127.6 81.3 111.6 109.2 111.0 123.3 129.0 81.8 110.6 109.1 112.5 123.7 129.2 83.8 109.9 108.9 113.2 124.6 130.4 70.9 109.6 109.5 113.8 124.5 131.9 77.8 109.6 109.6 113.4 125.5 132.3 81.3 110.0 109.7 113.9 126.2 132.7 78.4 108.2 109.4 113.5 126.8 133.3 1 SIC-based classification. 114 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 43. U.S. import price indexes by Standard Industrial Classification 1 (1985 = 100) 1990 1991 1992 Industry group Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Manufacturing: Food and kindred products................................................... Textile mill products.............................................................. Apparel and related products ................................................ Lumber and wood products, except furniture......................... 122.6 146.8 122.2 120.0 123.8 148.4 122.1 120.9 124.4 146.4 121.4 128.7 123.5 148.9 122.1 125.0 128.0 150.2 122.8 127.0 128.0 152.1 124.2 136.4 126.4 150.7 125.1 138.9 126.5 154.6 127.5 140.4 122.9 151.3 128.3 141.5 Furniture and fixtures............................................................ Paper and allied products ..................................................... Chemicals and allied products............................................... Petroleum refining and allied products................................... Rubber and miscellaneous plastics products......................... 136.6 125.8 124.6 203.5 127.4 137.2 126.1 126.7 148.9 128.9 135.5 121.6 124.5 137.9 127.7 135.9 117.4 123.8 138.8 127.8 136.7 116.2 124.4 143.2 129.7 137.7 113.9 124.9 125.9 131.0 138.1 113.5 124.9 138.3 131.7 141.0 115.3 125.5 142.0 134.2 138.1 113.7 125.4 133.8 133.1 Leather and leather products ................................................ Stone, clay, glass, and concrete products............................. Primary metal products......................................................... Fabricated metal products..................................................... Machinery, except electrical.................................................. 135.6 157.8 126.5 147.4 149.7 135.9 159.3 124.7 148.6 150.5 133.9 158.7 120.5 147.0 145.9 133.7 158.5 117.5 146.5 145.6 134.4 160.4 116.5 148.7 148.5 135.1 161.4 117.6 149.4 149.2 136.3 163.6 117.8 149.8 148.7 138.3 165.3 117.3 152.3 152.9 135.8 166.1 114.0 150.1 149.7 Electrical machinery and supplies......................................... Transportation equipment...................................................... Scientific instruments; optical goods; clocks.......................... Miscellaneous manufactured commodities ............................ 118.6 137.7 146.5 147.6 119.0 140.3 147.4 147.4 117.2 139.1 141.3 147.7 116.5 139.9 141.3 147.9 117.7 142.5 144.9 151.4 117.4 143.0 146.4 154.2 117.8 142.8 145.9 153.3 118.8 144.0 152.5 154.0 117.7 144.7 149.9 152.4 1 SIC - based classification. 44. indexes of productivity, hourly compensation, and unit costs, quarterly data seasonally adjusted (1982 = 100) Quarterly Indexes Item 1990 II 1991 III IV I II 1992 III IV I II III IV Business: Output per hour of all persons........................... Compensation per hour...................................... Real compensation per hour.............................. Unit labor co sts.................................................. Unit nonlabor payments ..................................... Implicit price deflator .......................................... 110.2 138.9 103.5 126.0 140.0 130.6 109.8 141.0 103.4 128.4 139.1 131.9 109.7 142.9 103.1 130.3 139.5 133.3 109.3 144.1 103.0 131.8 141.2 134.9 109.8 146.1 103.9 133.1 141.8 136.0 110.3 147.5 104.2 133.7 142.8 136.7 111.2 148.8 104.3 133.8 144.3 137.3 112.3 150.3 104.4 133.8 147.0 138.2 112.6 151.0 104.1 134.1 148.9 139.0 113.5 152.7 104.6 134.5 147.9 138.9 114.8 154.3 104.9 134.4 152.4 140.3 Nonfarm business: Output per hour of all persons........................... Compensation per hour...................................... Real compensation per hour.............................. Unit labor costs ................................................. Unit nonlabor payments ..................................... Implicit price deflator .......................................... 108.6 137.5 102.5 126.6 140.4 131.1 108.1 139.6 102.4 129.1 139.6 132.5 108.1 141.6 102.2 131.0 140.6 134.1 107.9 143.0 102.2 132.5 142.5 135.7 108.4 145.0 103.1 133.8 142.6 136.6 108.9 146.4 103.4 134.4 144.0 137.5 109.6 147.5 103.4 134.6 145.9 138.3 110.6 148.9 103.5 134.6 148.4 139.1 111.1 149.8 103.3 134.9 150.6 139.9 111.8 151.4 103.7 135.3 149.4 139.9 113.1 153.0 104.0 135.2 153.8 141.2 Nonfinancial corporations: Output per hour of all employees....................... Compensation per hour...................................... Real compensation per hour.............................. Total unit costs.................................................. Unit labor costs ............................................... Unit nonlabor costs......................................... Unit profits......................................................... Unit nonlabor payments ..................................... Implicit price deflator ......................................... 112.3 135.6 101.1 119.1 120.8 114.9 176.7 126.5 122.7 111.9 137.6 100.9 121.4 123.0 117.4 157.2 124.9 123.6 112.6 139.6 100.7 122.7 124.0 119.5 149.7 125.2 124.4 113.0 140.8 100.7 123.9 124.6 122.2 151.3 127.7 125.6 113.6 142.7 101.5 124.7 125.7 122.1 154.5 128.2 126.5 114.2 144.0 101.7 125.3 126.2 123.1 150.7 128.3 126.9 115.3 145.2 101.7 125.0 125.9 122.8 155.2 128.9 126.9 116.0 145.9 101.4 124.6 125.7 121.7 167.7 130.3 127.3 116.7 146.6 101.1 124.4 125.6 121.4 179.6 132.4 127.8 118.2 147.9 101.3 124.5 125.2 122.8 179.3 133.5 127.9 _ _ _ _ _ - Manufacturing: Output per hour of all persons........................... Compensation per hour...................................... Real compensation per hour.............................. Unit labor co sts.................................................. 124.8 133.0 99.2 106.6 127.2 134.6 98.7 105.8 127.0 136.8 98.7 107.7 126.1 138.5 99.0 109.9 127.5 140.2 99.7 110.0 129.4 141.3 99.8 109.2 129.7 142.8 100.1 110.1 129.4 142.0 98.7 109.8 131.0 143.1 98.7 109.2 132.7 144.6 99.0 108.9 134.1 146.5 99.6 109.2 - Data not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 115 Current Labor Statistics: 45. Productivity Data Annual indexes of multifactor productivity and related measures, selected years (1982 = 100) Item 1960 1970 1973 1980 1984 1985 1986 1987 1988 1989 1990 Private business: Productivity: Output per hour of all persons......................... Output per unit of capital services................... Multifactor productivity..................................... Output................................................................ Inputs: Hours of all persons......................................... Capital services ............................................... Combined units of labor and capital input........ Capital per hour of all persons........................... 65.1 128.5 80.2 52.1 87.0 122.2 96.2 75.8 94.8 125.1 103.0 88.0 99.2 109.3 102.1 101.0 105.1 106.8 105.6 113.2 107.3 107.2 107.3 118.0 109.8 106.5 108.8 121.6 111.1 108.0 110.1 126.7 113.6 110.9 112.8 133.5 113.2 110 5 112.4 136.3 112 8 108 4 1114 136.6 80.0 40.5 65.0 50.6 87.2 62.1 78.8 71.2 92.8 70.4 85.5 75.8 101.9 92.5 99.0 90.7 107.7 106.0 107.1 98.5 109.9 110.1 110.0 100.1 110.7 114.2 111.8 103.1 114.1 117.4 115.1 102.9 117.5 120.4 118.4 102.4 120.4 123.3 121.3 102.5 121 0 126 0 122 6 104.1 69.8 135.1 84.8 51.9 89.1 126.6 98.5 76.2 96.6 128.9 104.9 88.6 99.9 110.5 102.8 101.7 105.2 107.0 105.7 113.8 106.7 106.5 106.6 118.3 108.9 105.7 107.9 121.8 110.0 107.0 109.1 127.0 112.7 110.0 111.9 134.3 112.1 109.3 111.3 137.0 111 5 107 0 110.1 137.2 74.4 38.4 61.2 51.6 85.5 60.2 77.4 70.4 91.7 68.7 84.5 75.0 101.8 92.0 98.9 90.4 108.2 106.4 107.6 98.4 110.9 111.0 110.9 100.1 111.8 115.2 112.8 103.0 115.5 118.7 116.4 102.7 119.1 122.0 120.0 102.4 122.2 125.4 123.1 102.6 123.1 128 3 124 6 104.2 58.4 136.6 72.6 55.0 77.2 128.0 87.5 82.3 89.4 143.4 100.5 100.9 96.6 113.4 100.5 106.2 110.0 115.7 111.4 118.6 114.8 117.2 115.4 122.8 120.0 118.9 119.7 126.6 126.4 124.9 126.0 134.3 132.1 132.9 132.4 144.6 133.3 132.8 133.2 146.4 136.6 131 3 135.1 147.0 94.2 40.3 75.8 42.8 106.5 64.3 94.1 60.3 112.9 70.4 100.5 62.3 109.9 93.6 105.7 85.2 107.8 102.5 106.4 95.1 107.0 104.8 106.4 98.0 105.4 106.5 105.7 101.0 106.2 107.5 106.6 101.2 109.4 108.8 109.2 99.4 109.8 110.3 109.9 100.4 107.6 112 0 108 8 104.1 Private nonfarm business: Productivity: Output per hour of all persons......................... Output per unit of capital services................... Multifactor productivity..................................... Output................................................................ Inputs: Hours of all persons......................................... Capital services ............................................... Combined units of labor and capital input........ Capital per hour of all persons........................... Manufacturing: Productivity: Output per hour of all persons......................... Output per unit of capital services................... Multifactor productivity..................................... Output................................................................ Inputs: Hours of all persons......................................... Capital services ............................................... Combined units of labor and capital inputs...... Capital per hour of all persons........................... NOTE: Productivity and output in this table have not been revised for consistency with the December 1991 comprehensive revisions to 46. the National Income and Product Accounts, Annual indexes of productivity, hourly compensation, unit costs, and prices, selected years (1982 = 100) Item 1960 1970 1973 1981 1983 1985 1986 1987 1988 1989 1990 1991 1992 Output per hour of all persons........................... Compensation per hour...................................... Real compensation per hour.............................. Unit labor costs .................................................. Unit nonlabor payments ..................................... Implicit price deflator ......................................... 65.5 21.1 68.7 32.2 33.6 32.6 86.9 36.7 91.2 42.2 42.7 42.4 95.0 45.1 98.0 47.5 52.1 49.0 99.9 93.0 98.7 93.1 97.5 94.5 102.2 103.7 100.5 101.5 107.5 103.4 106.1 113.0 101.3 106.5 120.9 111.2 108.3 118.6 104.4 109.5 122.1 113.6 109.4 122.7 104.3 112.2 125.6 116.6 110.4 128.0 104.4 116.0 130.7 120.8 109.5 132.3 103.0 120.9 136.8 126.1 109.7 139.7 103.2 127.3 139.3 131.2 110 1 146.6 103 9 133.1 142 5 136.2 113 3 152 1 104 6 134 2 149 1 139.1 69.8 22.2 72.3 31.8 33.3 32.3 88.5 37.0 92.0 41.8 43.0 42.2 96.3 45.4 98.6 47.1 49.7 47.9 99.9 93.0 98.8 93.1 96.6 94.2 102.4 103.9 100.7 101.5 109.2 104.0 105.4 112.6 101.0 106.8 121.6 111.6 107.5 118.1 104.0 109.9 123.3 114.2 108.3 122.1 103.7 112.8 126.6 117.2 109.2 127.2 103.7 116.4 131.9 121.4 108.2 131.3 102.2 121.4 137.3 126.5 108.2 138.4 102.2 127.9 139.9 131.8 108 7 145.4 103 0 133.8 143 7 137.0 150 8 103 7 135 0 150 6 140.0 75.2 23.6 76.9 29.5 31.4 24.8 75.1 34.2 32.3 90.2 38.3 95.4 40.5 42.5 35.5 69.5 41.9 42.3 94.9 46.5 101.1 46.5 49.0 40.2 87.9 49.2 49.1 98.7 93.5 99.2 93.7 94.7 91.3 120.8 96.8 95.4 103.7 103.2 100.0 99.5 99.6 99.3 135.9 106.2 101.8 106.3 111.8 100.2 103.7 105.2 100.1 168.1 112.9 107.7 109.0 116.9 102.9 105.9 107.2 102.4 150.0 111.4 108.6 110.8 120.5 102.4 107.0 108.8 102.5 172.1 115.6 111.0 112.9 125.4 102.3 109.8 111.1 106.4 183.5 120.9 114.3 110.9 129.6 100.8 115.7 116.8 112.9 168.5 123.3 119.0 111.9 136.4 100.7 120.4 121.9 116.7 162.7 125.4 123.0 113 9 143 1 101 4 124 7 125 6 122.6 152 9 128.3 126.5 - - ’ 96.4 91.4 97.0 94.8 94.5 94.8 102.9 102.5 99.3 99.6 115.1 103.4 108.0 111.0 99.5 102.8 122.8 107.7 112.6 115.4 101.7 102.5 133.3 110.1 117.2 118.0 100.2 100.6 139.0 110.1 122.0 122.6 100.0 100.5 147.1 112.0 122.5 127.3 99.1 103.9 151.9 115.7 125.7 133.8 98.8 106.4 128.1 140.6 99.6 109.8 Business: Nonfarm business: Output per hour of all persons........................... Compensation per hour...................................... Real compensation per hour.............................. Unit labor costs ................................................. Unit nonlabor payments ..................................... Implicit price deflator ......................................... Nonfinanciai corporations: Output per hour of all employees....................... Compensation per hour...................................... Real compensation per hour .............................. Total unit costs.................................................. Unit labor costs ............................................... Unit nonlabor costs......................................... Unit profits......................................................... Unit nonlabor payments ..................................... Implicit price deflator ......................................... - Manufacturing: Output per hour of all persons........................... Compensation per hour...................................... Real compensation per hour.............................. Unit labor costs .................................................. Unit nonlabor payments ..................................... Implicit price deflator .......................................... ' - Data not available. 116 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - 131 9 144 1 99 1 109 3 - 47. Annual indexes of output per hour for selected industries (1982 = 100) SIC 1973 1979 1983 1984 1985 1986 1987 1988 1989 1990 1991 Iron mining, usable ore .................................. Copper mining, recoverable metal................... Coal mining.................................................... Crude petroleum and natural g a s ................... Nonmetalllc minerals, except fuels .................. 1011 1021 12 1311 14 125.0 73.9 105.3 223.1 108.9 125.2 84.6 83.1 141.7 114.9 140.0 112.0 114.3 99.2 110.0 172.4 132.5 127.0 105.1 117.7 187.2 163.0 129.3 106.9 119.9 195.1 191.5 140.3 116.6 120.6 245.5 174.3 151.8 128.0 127.6 254.5 191.2 168.4 129.0 130.4 244.1 187.9 177.5 125.1 130.1 221.1 182.2 180.4 124.0 137.9 175.4 186.3 125.6 132.3 Meatpacking plants......................................... Sausages and other prepared meats.............. Poultry dressing and processing..................... 2011 2013 2015 2026 2033 2037 2041 2043 2044 2046 74.2 71.5 61.6 65.3 86.8 82.0 77.4 84.0 78.1 41.1 87.4 98.5 84.5 85.4 93.9 88.5 93.6 93.2 92.4 76.1 104.2 103.1 104.8 105.3 105.3 101.3 105.2 104.3 98.2 113.1 107.2 102.6 104.1 109.4 107.5 102.1 108.5 114.7 88.5 138.3 112.1 101.6 106.2 112.8 114.2 98.1 114.8 119.6 97.1 143.9 109.7 101.5 101.6 117.8 123.2 103.9 116.9 121.1 105.5 158.1 110.7 105.5 108.2 122.4 125.4 101.9 122.6 122.4 125.9 170.3 111.3 111.3 103.1 127.3 122.8 99.7 126.5 120.7 105.4 162.4 101.2 104.3 108.3 130.6 114.2 99.8 126.0 117.4 124.2 168.1 100.8 98.2 114.8 131.9 117.5 96.3 133.1 124.7 134.5 170.5 102.6 135.3 “ “ - Beet sugar ..................................................... Malt beverages............................................... Bottled and canned soft drinks....................... Fresh or frozen fish and seafood................... Cigarettes, chewing and smoking tobacco...... Cigars ............................................................ 2047,48 2051,52 2061,62 2063 2082 2086 2092 2111,31 2121 65.7 90.6 106.7 105.4 60.2 69.3 93.5 89.2 80.3 81.1 92.1 116.0 110.3 89.6 90.6 96.3 103.0 91.0 101.8 104.0 112.3 99.0 108.5 106.6 90.0 103.4 101.7 106.0 104.4 104.7 113.3 115.3 114.7 89.7 104.8 129.0 115.0 106.4 118.1 104.1 110.4 119.7 88.1 107.8 119.3 112.0 112.6 117.2 114.7 130.7 128.6 91.4 110.5 123.8 120.2 111.4 123.0 141.9 143.8 140.5 98.4 116.1 130.5 122.2 103.3 121.4 135.2 143.2 154.2 98.6 123.9 136.5 120.7 103.0 117.9 124.6 142.8 167.5 89.8 124.7 141.6 124.5 104.6 118.0 129.2 153.0 177.8 86.2 131.0 138.7 104.8 123.2 133.8 152.1 186.8 131.5 130.0 Cotton and synthetic broadwoven fabrics....... Hosiery ............................................ .............. Yarn spinning mills......................................... Men’s and boys’ suits and coats.................... 2211,21 2251,52 2281 2311 68.1 65.2 72.0 88.4 89.6 94.3 87.8 101.7 108.6 103.0 108.8 94.8 107.1 103.9 110.3 101.7 111.1 102.4 114.8 111.6 119.5 103.9 120.6 112.8 118.2 101.2 131.3 112.5 115.9 108.6 129.3 115.8 120.5 109.5 135.8 117.9 125.5 106.8 140.5 115.4 129.6 113.1 148.8 Sawmills and planing mills, general ................ 2421 2431 2434 2435 2436 244 2511,17 2512 2514 2515 2521 2522 2611,21,31 2653 2657 2673,74 85.7 118.9 86.7 79.2 75.7 105.9 78.8 87.7 84.7 86.6 84.0 82.2 77.0 89.0 98.7 90.8 107.2 95.8 96.3 76.4 74.2 103.6 90.7 83.8 98.4 122.8 89.7 94.7 95.5 100.2 102.8 107.4 102.1 97.9 108.5 104.2 99.9 105.8 104.8 101.1 101.1 104.1 104.9 107.4 101.9 101.3 108.7 111.1 103.0 97.7 102.5 106.3 102.5 107.7 98.9 112.2 99.4 106.4 112.5 108.7 106.3 100.5 112.4 115.8 99.6 92.3 106.7 105.6 99.2 106.9 107.7 114.7 95.9 106.8 110.6 110.6 109.5 98.4 114.4 128.0 104.7 89.8 106.6 108.2 98.0 114.6 109.8 118.7 100.9 103.6 114.4 120.1 113.0 101.3 120.6 125.4 112.2 108.1 130.6 120.9 98.2 114.8 109.1 115.4 112.5 107.8 112.7 124.0 110.2 105.2 119.4 128.3 110.6 106.3 132.7 121.0 101.7 116.0 108.9 116.0 117.5 102.1 107.9 126.2 109.6 105.3 116.6 125.7 109.5 98.8 132.4 123.8 107.4 114.2 110.3 115.1 125.8 101.5 111.4 127.0 107.6 107.0 112.3 125.7 110.1 102.1 124.3 131.0 110.9 112.7 107.6 119.7 129.0 103.3 107.7 127.9 110.4 110.7 110.4 128.3 116.3 136.1 116.8 112.2 124.8 128.2 128.3 111.0 110.0 2812 2816 101.2 118.5 107.1 108.6 128.7 110.8 149.7 131.2 154.0 135.3 208.2 141.0 204.9 155.4 208.2 158.1 191.5 165.1 186.0 157.3 2819 pt. 2823,24 2841 2844 2851 122.0 76.6 100.0 104.1 77.3 141.8 110.7 103.8 112.1 98.5 108.9 121.2 97.4 103.1 106.5 123.8 120.9 102.3 102.3 113.6 122.2 130,8 104.3 105.0 117.3 124.2 140.7 106.2 113.8 118.8 139.8 151.7 114.4 118.0 119.6 129.7 158.7 117.5 122.9 123.2 120.0 155.2 125.8 119.4 127.3 122.3 150.2 148.5 118.1 132.9 2869 2873 2874 2875 103.6 80.7 100.8 105.5 130.2 96.5 107.3 134.2 120.6 112.0 121.9 115.1 130.6 133.6 136.8 124.2 129.1 131.4 127.0 128.4 136.5 117.3 116.3 119.7 150.6 138.0 144.8 127.7 162.5 140.4 133.5 131.2 158.9 140.8 123.7 141.4 147.6 148.8 149.9 139.0 141.4 - 2879 86.7 104.2 101.9 115.6 108.7 109.4 119.2 129.6 128.7 125.3 “ 2911 3011 3052 117.9 74.2 93.9 119.5 83.6 96.2 102.7 107.6 111.1 116.3 117.6 119.2 128.8 118.9 114.7 142.6 124.3 116.4 143.4 134.9 113.1 151.9 140.7 121.2 157.8 143.4 109.2 157.5 146.1 115.1 155.4 147.4 " Clay construction products............................. Clay refractories............................................. Concrete products......................................... Ready-mixed concrete .................................. 308 314 3221 3241 3251,53,59 3255 3271,72 3273 85.0 92.6 87.5 106.0 87.6 93.6 101.6 114.3 86.0 94.2 96.8 102.0 88.5 110.2 101.7 110.4 97.4 97.7 99.3 115.2 97.8 121.5 107.2 103.7 100.4 99.3 113.0 133.1 106.9 115.3 109.3 106.4 102.7 101.0 108.4 136.2 109.1 114.1 110.8 107.7 103.7 102.8 114.3 143.8 110.7 123.3 116.8 110.8 117.1 100.6 116.1 148.1 116.0 124.2 113.8 115.5 114.9 102.8 117.5 152.7 121.2 125.8 117.8 115.8 113.6 101.4 121.8 163.0 112.3 120.8 123.2 116.7 117.2 92.9 130.5 166.2 116.5 123.0 121.9 115.1 117.1 90.8 131.3 149.9 103.4 130.8 131.1 118.7 Primary copper.............................................. Primary aluminum.......................................... Copper rolling and drawing ........................... Aluminum rolling and drawing ........................ Metal c a n s.... ............................................... 331 3321 3324,25 3331 3334 3351 3353,54,55 3411 117.3 100.8 114.5 70.5 96.6 87.9 94.7 68.9 117.6 103.3 113.1 88.2 96.8 92.6 101.1 87.5 128.7 104.5 100.9 106.4 108.5 114.5 110.9 101.9 144.3 113.1 111.1 123.7 121.8 121.1 116.6 103.1 153.3 110.1 107.4 158.2 121.8 115.9 116.4 105.1 156.3 113.2 112.8 190.3 130.3 124.3 125.0 104.8 167.6 114.7 108.0 214.7 129.6 128.0 125.7 107.7 J______ 184.8 123.5 103.5 222.8 132.6 128.6 124.6 115.4 179.5 118.6 104.1 207.8 135.8 121.3 121.7 117.0 184.8 119.0 103.4 185.2 138.1 120.7 118.7 127.8 177.5 110.8 95.2 189.9 143.6 120.0 Industry Canned fruits and vegetables......................... Frozen fruits and vegetables........................... Flour and other grain mill products................. Cereal breakfast foods................................... Rice milling .................................................... Wet corn milling ............................................. Prepared feeds for animals and fowls............ Bakery products............................................. Wood kitchen cabinets................................... Hardwood veneer and plywood...................... Softwood veneer and plywood ....................... Wood household furniture .............................. Upholstered household furniture..................... Metal household furniture............................... Mattresses and bedsprings............................ Office furniture, except wood.......................... Pulp, paper, and paperboard mills.................. Corrugated and solid fiber boxes ................... Folding paperboard boxes.............................. Paper and plastic bags .................................. Inorganic pigments ......................................... Industrial inorganic chemicals, not Synthetic fibers............................................... Soaps and detergents.................................... Cosmetics and other toiletries ........................ Paints and allied products.............................. Industrial organic chemicals, not Nitrogenous fertilizers..................................... Phosphatic fertilizers ...................................... Fertilizers, mixing only.................................... Agricultural chemicals, not elsewhere classified..................................... Petroleum refining.......................................... Rubber and plastics hose and belting............ Miscellaneous plastic products, not - - - “ 155.5 133.7 135.5 See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 117 Current Labor Statistics: Productivity Data 47. Continued—Annual indexes of output per hour for selected industries (1982 = 100) Industry Hand and edge tools, not elsewhere classified...................................................... Heating equipment, except electric................. Fabricated structural metal............................. Metal doors, sash, and trim............................ Bolts, nuts, rivets, and washers...................... Automotive stampings.................................... Metal stampings, not elsewhere classified...................................................... SIC 1973 1979 1983 1984 1985 1986 1987 1988 1989 1990 1991 3423 3433 3441 3442 3452 3465 109.6 83.1 113.4 95.8 97.2 88.7 112.1 93.6 102.5 96.6 103.6 96.4 96.4 90.9 103.4 103.8 112.8 114.6 97.8 99.5 108.3 107.0 113.1 119.7 98.9 98.9 118.3 110.6 118.1 112.6 98.7 102.0 118.3 108.3 122.3 114.0 103.9 106.4 118.8 107.9 133.5 119.1 105.4 119.1 118.1 110.4 129.1 124.4 106.0 109.0 112.3 110.2 124.0 124.8 100.1 117.0 116.3 106.2 124.0 120.0 3469 111.7 113.7 99.7 106.1 100.1 106.4 117.1 116.9 114.6 111.5 _ _ _ _ _ - Valves and pipe fittings.................................. Fabricated pipe and fittings............................ Internal combustion engines, not elsewhere classified..................................... Farm machinery and equipment..................... Lawn and garden equipment.......................... Construction machinery................................... Mining machinery........................................... Oil and gas field machinery............................ 3491,92,94 3498 102.0 123.1 104.0 100.7 102.4 97.2 103.9 109.4 103.5 100.7 103.2 101.4 109.8 83.2 111.8 82.7 111.3 84.6 112.1 88.7 _ 3519 3523 3524 3531 3532 3533 111.3 103.3 84.1 105.6 119.4 118.7 120.0 106.1 106.3 112.7 105.0 113.3 106.1 99.4 103.5 99.5 100.4 93.1 122.1 113.0 101.7 116.9 108.7 106.9 125.9 106.7 104.4 119.1 112.1 103.8 133.4 103.5 117.9 126.3 115.1 107.0 134.9 108.1 127.2 123.1 120.4 113.0 141.9 119.2 124.1 132.3 122.8 112.2 149.9 130.5 119.4 136.3 130.2 118.3 143.6 136.6 121.4 140.3 121.2 121.4 133.7 146.9 Metal-cutting machine tools ........................... Metal-forming machine tools.......................... Machine tool accessories............................... Pumps and pumping equipment..................... Ball and roller bearings.................................. Air and gas compressors................................ Refrigeration and heating equipment.............. Carburetors, pistons, rings, and valves........... 3541 3542 3545 3561,94 3562 3563 3585 3592 118.3 134.2 118.7 101.2 123.7 104.7 102.8 131.0 115.5 116.7 113.3 108.8 127.1 103.9 101.1 102.9 91.7 103.4 93.1 106.1 103.6 103.4 100.9 108.3 106.2 110.9 106.9 114.3 113.4 107.9 105.5 119.9 110.5 114.5 103.8 114.8 110.2 110.5 103.8 124.0 112.7 115.2 107.0 117.5 114.5 114.1 101.6 120.8 126.7 124.1 113.0 129.7 122.2 120.5 105.5 129.3 119.3 143.9 112.2 137.6 124.5 125.8 109.0 142.1 127.0 139.5 118.3 133.0 118.1 127.8 111.8 154.9 129.3 127.3 121.4 135.5 110.9 131.3 111.7 146.9 Transformers, except electronic ..................... Switchgear and switchboard apparatus........... Motors and generators................................... Household cooking equipment........................ Household refrigerators and freezers ............. Household laundry equipment......................... Household appliances, not elsewhere classified...................................................... Electric lamps................................................. Lighting fixtures and equipment...................... Household audio and video equipment........... Motor vehicles and equipment........................ Instruments to measure electricity................... Photographic equipment and supplies............ 3612 3613 3621 3631 3632 3633 97.2 100.3 98.3 75.4 82.3 83.9 108.8 101.5 97.0 96.6 96.7 102.6 99.6 104.5 101.1 104.0 109.4 106.8 98.2 105.7 103.9 109.8 109.2 112.4 99.5 108.6 105.6 109.4 116.9 113.2 101.3 108.4 106.7 123.5 113.7 118.4 103.8 112.5 110.1 125.5 112.4 122.0 106.9 122.5 114.5 128.2 115.3 130.0 109.0 122.3 113.9 135.4 120.3 122.8 116.7 124.5 113.0 130.2 120.9 126.6 90.1 83.2 102.9 53.7 88.4 76.2 83.5 108.4 97.1 103.8 72.3 100.8 84.2 111.4 110.8 114.5 105.8 121.3 112.7 102.1 110.9 118.8 120.8 112.5 148.6 118.2 112.2 114.0 120.6 115.9 118.2 158.8 123.4 109.5 110.7 125.2 119.3 126.0 179.6 123.1 102.6 119.1 138.9 131.0 122.7 172.9 130.0 111.5 122.5 140.0 138.4 119.0 191.5 133.7 118.8 130.0 136.9 149.2 117.4 212.6 133.3 121.8 139.1 126.7 156.1 115.4 231.9 132.6 120.4 134.1 137.2 175.3 112.8 236.2 127.0 83.1 107.4 89.5 74.5 109.7 57.7 98.8 117.3 - 90.4 99.5 108.0 98.5 114.0 85.9 106.6 116.2 107.6 122.4 96.4 121.2 110.4 106.5 112.4 101.6 91.2 120.1 131.9 92.0 125.2 114.8 117.9 110.8 105.5 94.0 118.6 139.7 88.3 120.6 118.8 118.5 116.1 104.5 92.4 124.3 153.8 87.9 124.6 119.9 121.0 125.0 107.1 83.3 130.0 178.3 91.9 128.7 126.9 118.7 128.7 112.4 80.9 133.2 195.3 99.2 135.7 122.5 124.3 135.5 117.9 85.3 130.9 207.4 218.1 _ 96.2 _ 140.9 118.3 U3.7 122.4 121.6 141.9 142.4 121.1 . 123.8 83.7 76.6 120.9 141.8 236.2 109.0 124.2 100.7 89.6 120.0 120.1 127.2 124.7 110.4 115.9 103.6 117.0 118.4 160.2 3639 3641 3645,46,47,48 3651 371 3825 3861 4011 Railroad transportation, revenue traffic........... 4111,13,14 pts. Bus carriers, class 1 ....................................... 4213 Trucking, except local .................................... 4512,13,22 pts. Air transportation ........................................... 4612,13 Petroleum pipelines........................................ 481 Telephone communications............................ Electric utilities ............................................... 491,493 pt. Gas utilities.................................................... 492,493 pt. 5093 Scrap and waste materials............................. _ _ 129.3 134.2 111.7 _ _ 112.5 _ _ 120.7 _ 114.3 134.6 128.6 125.6 _ - _ _ 115.3 117.6 150.4 127.1 75.6 153.9 Hardware stores............................................. Department stores.......................................... Variety stores ................................................. Grocery stores................................................ Retail bakeries................................................ New and used car dealers ............................. Auto and home supply stores......................... Gasoline service stations................................ Men’s and boys’ clothing stores..................... Women’s clothing stores ................................ Family clothing stores .................................... Shoe stores ................................................... Furniture and homefurnishings stores............. Household appliance stores........................... Radio, television, and computer stores.......................................................... 5251 5311 5331 5411 546 5511 5531 5541 5611 5621 5651 5661 571 5722 90.2 77.2 106.7 103.0 121.9 95.8 84.2 77.0 88.7 66.3 77.6 91.2 98.6 89.3 105.1 92.9 90.6 101.1 108.9 97.3 96.3 95.9 93.1 81.8 77.0 102.5 107.5 109.2 98.2 106.5 105.0 100.6 100.6 109.8 109.6 109.3 102.4 105.6 108.1 98.7 107.2 107.4 103.3 113.0 107.1 101.9 92.4 112.2 107.8 112.9 107.1 109.5 107.9 101.9 117.4 130.5 102.0 115.6 97.6 99.9 84.5 112.2 112.2 121.4 112.3 111.5 104.7 109.9 113.9 142.2 108.1 121.3 80.5 98.2 90.7 114.5 111.7 132.2 115.1 119.7 104.9 118.7 122.0 159.2 106.2 124.0 75.6 94.7 97.0 112.5 117.8 129.6 114.4 111.4 101.3 112.3 120.5 149.7 115.7 123.6 74.1 93.3 99.8 115.5 123.1 130.7 115.4 109.2 102.4 114.7 119.5 150.1 122:8 120.9 87.1 90.6 101.1 116.5 123.0 130.8 113.3 111.6 104.3 119.3 121.7 156.9 118.0 117.9 102.0 89.5 105.6 120.4 126.4 125.2 110.8 114.1 102.7 117.7 124.4 158.2 573 68.7 79.1 112.2 112.4 125.6 132.1 140.7 166.4 165.2 172.2 176.8 Eating and drinking places............................. Drug and proprietary stores............................ Liquor stores.................................................. Commercial banks......................................... Laundry, cleaning, and garment services........ Beauty shops................................................. Automotive repair shops................................. 581 5912 5921 602 721 7231 753 106.7 90.0 93.3 102.8 108.8 93.4 119.3 102.6 96.2 89.3 106.6 107.8 94.9 114.7 99.0 104.0 94.7 108.9 99.6 109.8 98.0 95.3 102.2 92.5 112.0 102.0 104.3 100.1 92.6 98.9 100.7 117.8 98.0 101.8 108.4 95.6 98.5 92.8 120.0 95.4 102.7 104.8 96.1 97.5 87.3 124.9 94.7 106.0 108.8 98.3 99.4 85.5 129.3 93.6 102.6 114.6 97.0 100.2 87.6 127.8 95.8 109.3 117.2 97.6 101.7 90.9 135.7 96.6 108.7 115.7 101.0 106.5 91.1 Data not available. 118 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis _ _ - 48. Unemployment rates, approximating U.S. concepts, in nine countries, quarterly data seasonally adjusted Annual average 1991 1992 Country 1991 United States..................................... Canada .............................................. Australia............................................ Japan ................................................. 6.7 10.3 9.6 2.1 France............................................... Germany ........................................... Italy'.................................................. Sweden ............................................. United Kingdom ................................. 9.6 4.4 6.9 2.6 8.8 1992 7.4 - - _ - “ 1 Quarterly rates are for the first month of the quarter. - Data not available. NOTE: Quarterly figures for France, Germany, and the United Kingdom are calculated by applying annual adjust https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis II III IV I II III IV 6.7 10.3 9.5 2.1 6.7 10.4 9.9 2.2 7.0 10.3 10.4 2.1 7.3 10.7 10.5 2.1 7.5 11.3 10.7 2.1 7.5 11.5 10.9 2.2 7.3 11.4 11.3 2.3 9.5 4.4 7.0 2.5 8.6 9.7 4.4 6.7 2.8 9.2 9.9 4.4 6.9 3.2 9.4 10.0 4.4 7.0 3.7 9.6 10.2 4.6 6.9 5.1 9.8 10.2 4.8 6.9 5.0 10.2 - 10.4 5.0 5.2 10.6 ment factors to current published data and therefore should be viewed as less precise indicators of unemployment under U.S. concepts than the annual figures. Monthly Labor Review May 1993 119 Current Labor Statistics: 49. International Comparisons Data Annual data: Employment status of the working-age population, approximating U.S. concepts, 10 countries (Numbers in thousands) Employment status and country 1981 1982 1983 1984 1985 1986 1987 1988 1989 Civilian labor force United States....................................................... Canada ................................................................ Australia............................................................... Japan .................................................................. France ................................................................ Germany.............................................................. Italy ..................................................................... Netherlands......................................................... Sweden................................................................. United Kingdom.................................................... 108,670 110,20^ 111,550 11,899 11,926 12,100 6,810 6.91C 6,997 56,320 56,980 58,110 22,950 23,160 23,140 27,540 27,710 27,670 21,320 21,410 21,590 6,090 6,150 6,120 4,327 4,350 4,369 26,590 26,560 26,590 113,544 115,461 117,834 119,865 121,669 123,869 124,787 125,303 12,316 12,532 12,746 13,011 13,275 13,503 13,681 13,757 7,13£ 7,300 7,588 7,758 7,974 8,237 8,459 8,534 58.48C 58,820 59,410 60,050 60,860 61,920 63,050 64,280 23.30C 23,360 23,440 23,550 23,600 23,740 23,860 24,080 27,800 28,020 28,240 28,390 28,610 28,840 29,440 29,820 21,670 21,800 22,290 22,350 22,660 22,530 22,660 22,940 6,200 6,250 6,370 6,500 6,530 6,610 6,780 6,870 4,385 4,418 4,443 4,480 4,540 4,599 4,642 4,626 27,010 27,210 27,380 27,720 28,150 28,420 28,540 28,400 Participation rate 1 United S tates........................................................ Canada ................................................................ Australia................................................................ Japan ................................................................... France .................................................................. Germany............................................................... Italy ...................................................................... Netherlands.......................................................... Sweden................................................................ United Kingdom.................................................... 63.9 64.8 61.9 62.6 57.1 54.7 48.3 56.7 66.8 62.2 64.0 64.1 61.7 62.7 57.1 54.6 47.7 56.6 66.8 61.9 64.0 64.4 61.4 63.1 56.6 54.3 47.5 55.7 66.7 61.6 64.4 64.8 61.5 62.7 56.6 54.4 47.3 55.7 66.6 62.1 64.8 65.3 61.6 62.3 56.3 54.7 47.2 55.5 66.9 62.2 65.3 65.7 62.8 62.1 56.1 54.9 47.8 55.9 67.0 62.2 65.6 66.2 63.0 61.9 55.9 55.0 47.6 56.3 67.1 62.6 65.9 66.7 63.3 61.9 55.5 55.1 47.4 56.1 67.6 63.4 66.5 67.0 64.2 62.2 55.3 55.2 47.3 56.3 68.0 63.8 66.4 67.0 64.7 62.6 55.2 55.1 47.3 56.8 68.1 63.9 66.0 66.3 64.3 63.2 55.3 55.5 47.7 57.6 67.6 63.6 Employed United States........................................................ Canada ................................................................. Australia............................................................... Japan ................................................................... France ................................................................. Germany............................................................... Italy ...................................................................... Netherlands.......................................................... Sweden ................................................................ United Kingdom.................................................... 100,397 11,001 6,416 55,060 21,200 26,450 20,280 5,550 4,219 23,800 99,526 100,834 105,005 107,150 109,597 112,440 114,968 117,342 117,914 116,877 10,618 10,675 10,932 11,221 11,531 11,861 12,245 12,486 12,572 12,340 6,415 6,300 6,494 6,697 6,974 7,129 7,398 7,728 7,872 7,713 55,620 56,550 56,870 57,260 57,740 58,320 59,310 60,500 61,710 62,920 21,240 21,170 20,980 20,920 20,950 21,020 21,190 21,460 21,680 21,780 26,150 25,770 25,830 26,010 26,380 26,590 26,800 27,200 27,970 28,500 20,250 20,320 20,390 20,490 20,610 20,590 20,870 20,770 21,070 21,360 5,520 5,420 5,490 5,650 5,740 5,850 5,920 6,050 6,270 6,390 4,213 4,218 4,249 4,293 4,326 4,396 4,467 4,538 4,572 4,504 23,560 23,450 23,830 24,150 24,300 24,860 25,730 26,390 26,580 25,910 Employment-population ratio 2 United States........................................................ Canada ................................................................ Australia................................................................ Japan ................................................................... France ................................................................. Germany............................................................... Italy ...................................................................... Netherlands.......................................................... Sweden................................................................ United Kingdom.................................................... 59.0 59.9 58.4 61.2 52.8 52.5 45.9 51.7 65.1 55.7 57.8 57.1 57.3 61.2 52.3 51.6 45.2 50.8 64.7 54.9 57.9 56.8 55.3 61.4 51.8 50.6 44.7 49.3 64.4 54.3 59.5 57.5 56.0 61.0 51.0 50.5 44.5 49.3 64.5 54.8 60.1 58.5 56.5 60.6 50.4 50.7 44.4 50.1 65.0 55.2 60.7 59.4 57.7 60.4 50.2 51.3 44.2 50.3 65.2 55.2 61.5 60.4 57.9 60.1 49.9 51.5 43.8 50.7 65.8 56.2 62.3 61.6 58.7 60.4 49.8 51.6 43.7 50.8 66.5 57.9 63.0 62.0 60.2 60.8 50.0 52.0 43.6 51.5 67.1 59.2 62.7 61.5 60.2 61.3 50.2 52.3 44.0 52.6 67.0 59.5 61.6 59.5 58.1 61.8 50.0 53.0 44.4 53.5 65.8 58.0 8,273 898 394 1,260 1,750 1,090 1,040 540 108 2,790 10,678 1,308 495 1,360 1,920 1,560 1,160 630 137 3,000 10,717 1,434 697 1,560 1,970 1,900 1,270 700 151 3,140 8,539 1,384 641 1,610 2,320 1,970 1,280 710 136 3,180 8,312 1,311 603 1,560 2,440 2,010 1,310 600 125 3,060 8,237 1,215 613 1,670 2,490 1,860 1,680 630 117 3,080 7,425 1,150 629 1,730 2,530 1,800 1,760 650 84 2,860 6,701 1,031 576 1,550 2,410 1,810 1,790 610 73 2,420 6,528 1,018 509 1,420 2,280 1,640 1,760 560 61 2,030 6,874 1,109 587 1,340 2,180 1,470 1,590 510 70 1,960 8,426 1,417 821 1,360 2,300 1,320 1,580 480 7.6 7.5 5.8 2.2 7.6 4.0 4.9 8.9 2.5 10.5 9.7 11.0 7.2 2.4 8.3 5.6 5.4 10.2 3.1 11.3 9.6 11.8 10.0 2.7 8.5 6.9 5.9 11.4 3.5 11.8 7.5 11.2 9.0 2.8 10.0 7.1 5.9 11.4 3.1 11.8 7.2 10.5 8.3 2.6 10.4 7.2 6.0 9.6 2.8 11.2 7.0 9.5 8.1 2.8 10.6 6.6 7.5 9.9 2.6 11.2 6.2 8.8 8.1 2.9 10.7 6.3 7.9 10.0 1.9 10.3 5.5 7.8 7.2 2.5 10.2 6.3 7.9 9.3 1.6 8.6 5.3 7.5 6.2 2.3 9.6 5.7 7.8 8.5 1.3 7.1 Unemployed United States........................................................ Canada ................................................................. Australia................................................................ Japan ................................................................... France ................................................................. Germany............................................................... Italy ...................................................................... Netherlands.......................................................... Sweden................................................................ United Kingdom.................................................... 122 2,490 Unemployment rate United States........................................................ Canada ................................................................. Australia................................................................ Japan ................................................................... France ................................................................. Germany............................................................... Italy ...................................................................... Netherlands.......................................................... Sweden................................................................ United Kingdom.................................................... Labor force as a percent of the working-age population. Employment as a percent of the working-age population. 120 Monthly Labor Review M ay 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6.7 10.3 9.6 2.1 9.6 4.4 6.9 7.0 2.6 8.8 NOTE: See “Notes on the data” for information on breaks in series for Germany, Italy, the Netherlands, and Sweden. 50. Annual indexes of manufacturing productivity and related measures, 12 countries (1982 = 100) Item and country 1960 1970 1973 Output per hour United States..................................................... . Japan ................................................................... Belgium................................................................. Italy ...................................................................... United Kingdom.................................................... Italy ...................................................................... Nonway ................................................................ United Kingdom.................................................... Japan ................................................................... Belgium................................................................. Netherlands.......................................................... United Kingdom.................................................... Japan ................................................................... Belgium................................................................ Denmark............................................................... Germany............................................................... Italy ...................................................................... Netherlands.......................................................... Sweden................................................................ United Kingdom.................................................... Unit labor costs: National currency basis United States........................................................ Canada ................................................................ Japan ................................................................... Belgium................................................................ Denmark............................................................... Germany............................................................... Italy ...................................................................... Netherlands.......................................................... Sweden................................................................ United Kingdom.................................................... Unit labor costs: U.S. dollar basis United States........................................................ Canada ................................................................ Japan ................................................................... Belgium................................................................ Denmark.............................................................. Germany............................................................... Netherlands.......................................................... United Kingdom.................................................... 1983 1984 1985 1986 1987 1988 1989 1990 1991 91.9 66.1 57.8 72.7 68.7 78.5 65.2 67.3 86.4 80.9 84.1 94.4 99.9 92.1 87.5 98.0 90.6 98.4 95.5 93.9 96.3 96.2 89.9 96.4 104.8 95.5 94.2 99.6 93.4 100.5 97.8 97.5 96.5 95.7 94.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 102.9 107.3 101.9 110.9 104.9 102.5 105.3 105.2 106.6 105.2 106.5 108.5 105.6 116.3 106.1 115.8 104.3 104.5 108.9 115.7 115.0 112.6 111.7 114.0 108.0 119.8 112.0 117.2 105.0 108.8 112.9 122.3 118.7 116.0 112.4 118.2 112.6 117.9 110.3 118.2 98.9 110.8 113.4 123.7 119.1 114.6 114.3 122.9 117.2 119.0 119.5 120.1 98.4 113.0 111.5 127.2 118.7 120.4 115.3 130.4 122.0 119.5 126.5 125.2 102.1 121.0 115.5 130.5 122.3 119.7 117.3 137.5 122.5 119.0 135.2 131.2 105.6 127.9 119.0 135.1 126.3 125.9 120.0 143.5 125.7 120.1 144.2 133.9 106.2 129.4 122.9 140.6 126.6 129.7 121.0 146.0 128.1 121.7 146.5 137.0 109.3 129.1 125.4 145.2 128.6 133.5 122.4 149.8 44.1 15.1 37.8 45.4 35.1 50.9 28.0 42.7 56.0 51.8 82.3 78.5 55.1 70.9 75.7 72.7 86.9 58.4 80.3 88.4 91.0 109.8 100.0 71.8 86.9 88.5 87.0 96.4 70.7 91.2 101.3 98.7 121.2 103.8 110.7 91.5 96.4 101.7 100.6 104.7 103.1 101.5 101.7 102.3 106.1 105.3 114.8 95.7 95.8 98.4 99.0 103.6 101.1 101.5 100.7 99.6 99.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 104.0 106.5 104.3 105.6 106.7 99.9 101.3 100.8 101.9 99.3 105.7 102.9 113.8 120.2 113.2 108.4 111.7 98.7 104.3 105.4 107.9 105.0 113.7 106.8 115.5 127.0 121.2 109.6 115.3 99.1 107.9 108.9 111.1 108.8 115.9 109.6 118.8 127.9 117.9 108.9 115.3 99.1 109.4 111.5 113.7 108.8 117.2 111.1 124.6 134.1 126.5 109.0 110.6 98.9 107.3 116.3 113.9 110.8 120.1 116.9 133.4 140.9 138.2 114.6 112.3 104.6 110.7 125.0 118.1 105.5 123.0 125.1 134.6 141.2 149.3 121.9 113.6 110.5 114.2 129.7 123.6 103.8 125.1 130.4 135.0 134.0 160.3 126.4 113.6 112.4 119.3 131.8 126.5 104.7 122.4 129.8 131.9 125.1 165.3 125.9 114.5 110.4 122.5 131.3 128.2 103.7 115.9 123.0 94.2 85.5 81.2 156.2 140.0 114.5 131.9 96.2 160.9 117.3 143.4 166.6 106.5 102.1 105.9 159.9 132.3 124.1 129.7 107.0 152.0 118.6 132.1 154.9 112.9 108.8 108.6 150.3 121.8 126.7 122.9 108.3 135.6 117.3 121.9 144.0 109.9 110.8 99.3 110.1 103.7 111.0 106.3 108.0 108.1 105.5 106.4 118.1 109.3 109.6 100.2 101.7 98.8 106.0 103.1 103.4 104.1 104.3 104.1 105.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 101.2 99.2 102.4 95.2 101.7 97.4 96.2 95.8 95.6 94.3 99.3 94.8 107.8 103.3 106.6 93.6 107.1 94.4 95.8 91.1 93.8 93.2 101.7 93.7 107.0 106.0 108.2 93.5 109.8 91.1 95.6 89.0 93.6 93.8 103.1 92.8 105.4 108.5 106.9 92.2 116.6 89.4 96.5 90.1 95.5 94.9 102.5 90.4 106.2 112.7 105.8 90.7 112.4 87.5 96.2 91.4 95.9 92.1 104.1 89.7 109.4 117.9 109.3 91.5 110.0 86.4 95.8 95.8 96.6 88.1 104.9 91.0 109.8 118.6 110.4 93.0 107.6 86.4 95.9 96.0 97.8 82.5 104.3 90.8 107.4 111.5 111.1 94.4 106.9 86.9 97.1 93.7 99.9 80.8 101.2 88.9 103.0 102.8 112.9 91.9 104.7 85.5 97.7 90.4 99.7 77.7 94.7 82.1 83.1 78.6 89.0 86.3 83.4 72.8 89.2 70.2 88.5 81.2 84.4 79.8 91.4 90.4 95.3 95.9 91.9 84.3 94.9 84.8 93.5 90.3 92.9 91.4 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 102.5 106.1 102.7 106.0 106.9 110.4 105.0 117.0 104.5 110.3 109.7 106.9 105.7 111.1 105.8 114.8 113.0 120.0 110.0 134.3 106.6 120.9 119.0 114.6 111.0 116.8 110.1 121.6 120.6 130.4 116.3 150.9 111.5 132.2 130.5 124.2 115.4 121.3 115.8 126.3 123.1 136.2 121.2 157.1 113.9 145.0 141.3 133.7 118.0 125.0 118.6 128.8 134.6 141.4 126.9 166.0 116.9 165.6 150.8 142.0 122.6 130.5 120.6 131.2 139.4 147.1 131.8 173.1 117.5 175.7 160.7 149.8 127.3 137.4 128.2 138.1 148.3 153.2 138.2 191.1 118.1 183.4 177.4 162.8 133.8 146.3 138.6 146.3 156.1 159.3 148.0 211.9 122.7 193.4 193.7 180.9 140.6 156.0 147.1 154.6 163.0 166.2 158.3 232.4 127.6 202.2 206.9 197.1 88.1 78.7 96.7 98.7 85.1 80.3 90.6 73.5 94.2 84.3 87.8 88.7 94.8 86.3 99.8 101.7 92.2 90.3 94.4 86.8 95.9 93.6 97.1 96.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.6 98.9 100.8 95.6 101.9 107.6 99.7 111.2 98.1 104.8 103.0 98.6 100.1 95.5 99.7 99.1 108.3 114.9 101.1 116.1 92.7 107.4 106.5 100.5 102.8 97.6 98.4 103.8 114.9 119.9 103.0 123.4 93.9 114.0 116.1 105.1 102.5 102.9 104.9 106.9 124.5 122.8 106.9 127.1 95.7 126.5 123.5 108.8 100.6 105.0 99.2 107.3 136.8 125.1 113.8 130.5 98.4 137.6 130.7 108.9 100.5 109.2 95.4 104.8 136.5 121.6 114.1 132.6 96.1 146.7 137.1 108.9 103.9 115.4 94.8 105.3 140.4 119.8 116.1 141.4 93.5 145.6 147.8 113.5 106.4 121.8 96.1 109.2 146.9 123.1 120.3 150.7 96.9 149.2 160.1 123.9 109.8 128.2 100.4 112.9 149.0 128.8 126.3 160.0 99.2 151.5 169.0 131.6 88.1 83.1 106.7 154.7 126.2 125.2 121.2 116.3 126.8 110.2 130.5 118.1 94.8 88.9 112.6 125.8 107.8 109.2 101.7 103.2 103.0 105.2 120.5 112.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.6 99.0 105.7 85.6 92.9 92.9 94.8 99.1 91.8 92.7 84.4 85.5 100.1 91.0 104.6 78.6 87.3 86.5 86.2 89.5 77.2 85.0 80.9 76.9 102.8 88.2 102.7 80.1 90.4 87.8 85.0 87.5 75.6 85.7 84.8 78.0 102.5 91.4 155.2 109.5 128.3 116.7 119.5 115.4 104.4 110.4 108.9 91.3 100.6 97.8 170.8 131.4 166.7 136.9 153.7 136.3 129.8 131.8 129.4 102.2 100.5 109.5 185.3 130.5 169.0 134.2 157.7 137.9 129.8 145.2 140.3 111.0 103.9 120.3 171.1 122.3 160.1 123.6 149.9 139.5 117.7 136.0 143.9 106.3 106.4 128.8 165.1 149.6 198.1 148.7 180.8 170.2 142.1 154.0 169.9 126.5 109.8 138.1 185.8 151.2 194.2 150.0 184.6 174.6 141.6 150.7 175.5 133.0 - - Compensation per hour United States........................................................ 1982 76.9 52.0 44.3 57.2 58.5 67.0 54.6 52.9 74.5 68.9 70.9 - Total hours United States........................................................ 1981 51.6 18.6 24.2 32.4 30.7 38.6 29.1 26.5 47.8 36.1 49.4 Output Japan ................................................................... Belgium................................................................. 1980 - 16.4 6.6 9.1 7.7 7.4 13.5 3.9 8.9 9.9 9.3 7.2 - 31.9 35.3 37.7 23.8 24.0 35.0 13.5 33.4 20.6 25.8 14.6 - 40.6 24.4 34.6 28.8 32.2 20.4 29.5 23.7 18.7 31.3 23.4 - 28.7 25.0 23.2 22.3 17.8 34.5 11.6 27.8 24.6 24.4 14.9 - 37.3 48.0 52.2 39.0 30.4 51.4 21.3 52.7 33.0 35.4 21.0 - 44.1 33.4 48.2 43.4 36.2 34.2 46.0 38.9 29.8 42.8 28.7 - 35.9 40.7 35.5 34.5 25.5 48.2 17.7 43.4 35.3 34.3 22.6 - 39.1 61.6 61.3 47.4 37.1 61.5 27.1 64.5 40.9 42.3 26.9 - 48.2 56.6 72.3 65.7 55.0 56.4 63.1 62.0 46.0 61.1 37.7 - Data not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review May 1993 121 Current Labor Statistics: Injury and Illness Data 51. Occupational injury and illness incidence rates by industry,1 United States Incidence rates per 100 full-time workers3 Industry and type of case2 1983 1984 1985 1986 1987 1988 1989' 1990 1991 PRIVATE SECTOR 4 Total cases.......................................................................................... Lost workday c a se s............................................................................. Lost workdays...................................................................................... 7.6 3.4 58.5 8.0 3.7 63.4 7.9 3.6 64.9 7.9 3.6 65.8 8.3 3.8 69.9 8.6 4.0 76.1 8.6 4.0 78.7 8.8 4.1 84.0 8.4 3.9 86.5 11.9 6.1 90.8 12.0 6.1 90.7 11.4 5.7 91.3 11.2 5.6 93.6 11.2 5.7 94.1 10.9 5.6 101.8 10.9 5.7 100.9 11.6 5.9 112.2 10.8 5.4 108.3 8.4 4.5 125.1 9.7 5.3 160.2 8.4 4.8 145.3 7.4 4.1 125.9 8.5 4.9 144.0 8.8 5.1 152.1 8.5 4.8 137.2 8.3 5.0 119.5 7.4 4.5 129.6 14.8 6.3 118.2 15.5 6.9 128.1 15.2 6.8 128.9 15.2 6.9 134.5 14.7 6.8 135.8 14.6 6.8 142.2 14.3 6.8 143.3 14.2 6.7 147.9 13.0 6.1 148.1 14.4 6.2 113.0 15.4 6.9 121.3 15.2 6.8 120.4 14.9 6.6 122.7 14.2 6.5 134.0 14.0 6.4 132.2 13.9 6.5 137.3 13.4 6.4 137.6 12.0 5.5 132.0 15.4 6.2 122.4 14.9 6.4 131.7 14.5 6.3 127.3 14.7 6.3 132.9 14.5 6.4 139.1 15.1 7.0 162.3 13.8 6.5 147.1 13.8 6.3 144.6 12.8 6.0 160.1 14.8 6.4 119.0 15.8 7.1 130.1 15.4 7.0 133.3 15.6 7.2 140.4 15.0 7.1 135.7 14.7 7.0 141.1 14.6 6.9 144.9 14.7 6.9 153.1 13.5 6.3 151.3 Total cases........................................................................................... Lost workday cases .............................................................................. Lost workdays....................................................................................... 10.0 4.3 73.5 10.6 4.7 77.9 10.4 4.6 80.2 10.6 4.7 85.2 11.9 5.3 95.5 13.1 5.7 107.4 13.1 5.8 113.0 13.2 5.8 120.7 12.7 5.6 121.5 Durable goods: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... 10.3 4.3 73.4 11.1 4.8 79.9 10.9 4.7 82.0 11.0 4.8 87.1 12.5 5.4 96.8 14.2 5.9 111.1 14.1 6.0 116.5 14.2 6.0 123.3 13.6 5.7 122.9 18.3 9.2 163.5 19.6 9.9 172.0 18.5 9.3 171.4 18.9 9.7 177.2 18.9 9.6 176.5 19.5 10.0 189.1 18.4 9.4 177.5 18.1 8.8 172.5 16.8 8.3 172.0 14.1 5.7 83.0 15.3 6.4 101.5 15.0 6.3 100.4 15.2 6.3 103.0 15.4 6.7 103.6 16.6 7.3 115.7 16.1 7.2 124.9 16.9 7.8 139.2 15.9 7.2 131.2 13.1 6.0 112.0 13.6 6.6 120.8 13.9 6.7 127.8 13.6 6.5 126.0 14.9 7.1 135.8 16.0 7.5 141.0 15.5 7.4 149.8 15.4 7.3 160.5 14.8 6.8 156.0 12.4 5.4 103.4 13.3 6.1 115.3 12.6 5.7 113.8 13.6 6.1 125.5 17.0 7.4 145.8 19.4 8.2 161.3 18.7 8.1 168.3 19.0 8.1 180.2 17.7 7.4 169.1 15.1 6.1 96.5 16.1 6.7 104.9 16.3 6.9 110.1 16.0 6.8 115.5 17.0 7.2 121.9 18.8 8.0 138.8 18.5 7.9 147.6 18.7 7.9 155.7 17.4 7.1 146.6 9.8 3.6 58.1 10.7 4.1 65.8 10.8 4.2 69.3 10.7 4.2 72.0 11.3 4.4 72.7 12.1 4.7 82.8 12.1 4.8 86.8 12.0 4.7 88.9 11.2 4.4 86.6 6.3 2.6 41.4 6.8 2.8 45.0 6.4 2.7 45.7 6.4 2.7 49.8 7.2 3.1 55.9 8.0 3.3 64.6 9.1 3.9 77.5 9.1 3.8 79.4 8.6 3.7 83.0 8.4 3.6 64.5 9.3 4.2 68.8 9.0 3.9 71.6 9.6 4.1 79.1 13.5 5.7 105.7 17.7 6.6 134.2 17.7 6.8 138.6 17.8 6.9 153.7 18.3 7.0 166.1 5.2 2.1 35.6 5.4 2.2 37.5 5.2 2.2 37.9 5.3 2.3 42.2 5.8 2.4 43.9 6.1 2.6 51.5 5.6 2.5 55.4 5.9 2.7 57.8 6.0 2.7 64.4 9.9 4.0 66.3 10.5 4.3 70.2 9.7 4.2 73.2 10.2 4.3 70.9 10.7 4.6 81.5 11.3 5.1 91.0 11.1 5.1 97.6 11.3 5.1 113.1 11.3 5.1 104.0 9.6 9.6 9.6 10.0 11.1 11.4 11.6 11.7 11.5 Agriculture, forestry, and fishing 4 Total cases.......................................................................................... Lost workday cases ............................................................................. Lost workdays...................................................................................... Mining Total cases.......................................................................................... Lost workday c a se s.............................................................................. Lost workdays....................................................................................... Construction Total cases........................................................................................... Lost workday c a s e s.............................................................................. Lost workdays....................................................................................... General building contractors: Total cases........................................................................................... Lost workday cases .............................................................................. Lost workdays....................................................................................... Heavy construction, except building: Total cases........................................................................................... Lost workday cases .............................................................................. Lost workdays...................................................................................... Special trade contractors: Total cases........................................................................................... Lost workday cases .............................................................................. Lost workdays...................................................................................... Manufacturing Lumber and wood products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Furniture and fixtures: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Stone, clay, and glass products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Primary metal industries: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Fabricated metal products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Industrial machinery and equipment: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Electronic and other electrical equipment: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Transportation equipment: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Instruments and related products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Miscellaneous manufacturing industries: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Nondurable goods: Total cases........................................................................................ See footnotes at end of table. 122 Monthly Labor Review May 1993 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 51. Continued— Occupational injury and illness incidence rates by industry,1 United States Incidence rates per 100 full-time workers3 1983 Printing and publishing: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Chemicals and allied products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Petroleum and coal products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Rubber and miscellaneous plastics products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Leather and leather products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... 1985 1986 1987 1988 1989' 1990 1991 4.3 73.6 4.4 74.9 4.4 77.6 4.6 82.3 5.1 93.5 5.4 101.7 5.5 107.8 5.6 116.9 5.5 119.7 16.5 7.9 131.2 16.7 8.1 131.6 16.7 8.1 138.0 16.5 8.0 137.8 17.7 8.6 153.7 18.5 9.2 169.7 18.5 9.3 174.7 20.0 9.9 202.6 19.5 9.9 207.2 6.5 3.0 42.8 7.7 3.2 51.7 7.3 3.0 51.7 6.7 2.5 45.6 8.6 2.5 46.4 9.3 2.9 53.0 8.7 3.4 64.2 7.7 3.2 62.3 6.4 2.8 52.0 7.4 2.8 51.4 8.0 3.0 54.0 7.5 3.0 57.4 7.8 3.1 59.3 9.0 3.6 65.9 9.6 4.0 78.8 10.3 4.2 81.4 9.6 4.0 85.1 10.0 4.4 88.3 6.4 2.4 40.6 6.7 2.5 40.9 6.7 2.6 44.1 6.7 2.7 49.4 7.4 3.1 59.5 8.1 3.5 68.2 8.6 3.8 80.5 8.8 3.9 92.1 9.2 4.2 99.9 10.0 4.5 90.3 10.4 4.7 93.8 10.2 4.7 94.6 10.5 4.7 99.5 12.8 5.8 122.3 13.1 5.9 124.3 12.7 5.8 132.9 12.1 5.5 124.8 11.2 5.0 122.7 6.6 2.9 44.6 6.5 2.9 46.0 6.3 2.9 49.2 6.5 2.9 50.8 6.7 3.1 55.1 6.6 3.2 59.8 6.9 3.3 63.8 6.9 3.3 69.8 6.7 3.2 74.5 5.5 2.5 42.3 5.3 2.4 40.8 5.1 2.3 38.8 6.3 2.7 49.4 7.0 3.1 58.8 7.0 3.3 59.0 7.0 3.2 63.4 6.5 3.1 61.6 6.4 3.1 62.4 5.5 2.4 46.8 5.1 2.4 53.5 5.1 2.4 49.9 7.1 3.2 67.5 7.3 3.1 65.9 7.0 3.2 68.4 6.6 3.3 68.1 6.6 3.1 77.3 6.2 2.9 68.2 13.0 6.2 101.4 13.6 6.4 104.3 13.4 6.3 107.4 14.0 6.6 118.2 15.9 7.6 130.8 16.3 8.1 142.9 16.2 8.0 147.2 16.2 7.8 151.3 15.1 7.2 150.9 10.0 4.4 87.3 10.5 4.7 94.4 10.3 4.6 88.3 10.5 4.8 83.4 12.4 5.8 114.5 11.4 5.6 128.2 13.6 6.5 130.4 12.1 5.9 152.3 12.5 5.9 140.8 8.2 4.7 94.9 8.8 5.2 105.1 8.6 5.0 107.1 8.2 4.8 102.1 8.4 4.9 108.1 8.9 5.1 118.6 9.2 5.3 121.5 9.6 5.5 134.1 9.3 5.4 140.0 7.2 3.1 47.8 7.4 3.3 50.5 7.4 3.2 50.7 7.7 3.3 54.0 7.7 3.4 56.1 7.8 3.5 60.9 8.0 3.6 63.5 7.9 3.5 65.6 7.6 3.4 72.0 7.0 3.2 50.6 7.2 3.5 55.5 7.2 3.5 59.8 7.2 3.6 62.5 7.4 3.7 64.0 7.6 3.8 69.2 7.7 4.0 71.9 7.4 3.7 71.5 7.2 3.7 79.2 7.3 3.0 46.7 7.5 3.2 48.4 7.5 3.1 47.0 7.8 3.2 50.5 7.8 3.3 52.9 7.9 3.4 57.6 8.1 3.4 60.0 8.1 3.4 63.2 7.7 3.3 69.1 2.0 .9 12.8 1.9 .9 13.6 2.0 .9 15.4 2.0 .9 17.1 2.0 .9 14.3 2.0 .9 17.2 2.0 .9 17.6 2.4 1.1 27.3 2.4 1.1 24.1 5.1 2.4 37.0 5.2 2.5 41.1 5.4 2.6 45.4 5.3 2.5 43.0 5.5 2.7 45.8 5.4 2.6 47.7 5.5 2.7 51.2 6.0 2.8 56.4 6.2 2.8 60.0 Total workday c a s e s.......................................................................... Total workdays................................................................................... Food and kindred products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Tobacco products: Total cases........................................................................................ Lost workday cases ............................................................ ............... Lost workdays.................................................................................... Textile mill products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... Apparel and other textile products: Total cases......................................................................................... Lost workday cases ........................................................................... Lost workdays.................................................................................... Paper and allied products: Total cases........................................................................................ Lost workday cases ........................................................................... Lost workdays.................................................................................... 1984 Transportation and public utilities Total cases........................... ............................................................... Lost workday c a se s.............................................................................. Lost workdays..................................................................................... Wholesale and retail trade Total cases........................................................................................... Lost workday c a se s.............................................................................. Lost workdays....................................................................................... Wholesale trade: Total cases........................................................................................... Lost workday c a s e s.............................................................................. Lost workdays....................................................................................... Retail trade: Total cases........................................................................................... Lost workday c a s e s.............................................................................. Lost workdays...................................................................................... Finance, insurance, and real estate Total cases........................................................................................... Lost workday cases .............................................................................. Lost workdays....................................................................................... Services Total cases........................................................................................... Lost workday cases .............................................................................. Lost workdays....................................................................................... 1 Data for 1989 and subsequent years are based on the S t a n d a r d M a n u a l , 1987 Edition. For this reason, they are not strictly comparable with data for the years 1982-88, which were based on the S t a n d a r d I n d u s t r i a l C l a s s i f i c a t i o n M a n u a l , 1972 Edition, 1977 Supplement. 2 Total cases include fatalities. 3 The incidence rates represent the number of injuries and illnesses or lost workdays per 100 full-time workers and were calculated as: In d u s tr ia l C la s s ific a tio n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (N/EH) X 200,000, where: N = number of injuries and illnesses or lost workdays. EH = total hours worked by all employees during calendar year. 200,000 = base for 100 full-time equivalent workers (working 40 hours per week, 50 weeks per year.) 4 Excludes farms with fewer than 11 employees since 1976. Monthly Labor Review May 1993 123 Where To Find CPI Information M onthly Periodical: Most comprehensive report available. 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